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The report contains a provisional translation of the draft Notification 3.0 under the Sophisticated Act that proposes Japan's new transport biofuel standards from April 1, 2023. The draft notification is open for public comment until March 2, 2023.

On February 6, the Government of Indonesia (GOI) announced it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies ahead of Ramadan and Eid festivities.

Japan has a well-developed food retail market that demands high-quality, high-value agricultural and food products. Despite reduced economic activity during the COVID-19 pandemic, trade data show that agricultural imports have remained resilient.

Japan’s Ministry of Health, Labour and Welfare (MHLW) proposed revisions to Japan’s maximum residue levels for 9 agricultural chemicals (Iprodione, Metobromuron, Paraquat dichloride (Paraquat), Pyridachlometyl, Isoprothiolane, Diminazene, Dipropyl isocinchomeronate, Mafoprazine, and Pyrimethamine) for various agricultural commodities.

Japan’s Ministry of Economy, Trade and Industry (METI) published a draft notification for biofuel standards from Japanese fiscal year 2023 through 2027.

Indonesia 2022/23 palm oil consumption is expected to rise to 19.4 million metric tons (MMT) on increased use for biodiesel production, as the Government of Indonesia (GOI) rolls out higher blending rates for its 2023 mandatory biodiesel blending program.