Jakarta, July 9 -- Deputy Minister of Energy and Mineral Resources, Yuliot Tanjung, has said that the 50 percent biodiesel mix or B50 program can help prevent a decline in the prices of crude palm oil (CPO).

"This is part of the national policy that can provide benefits and support the stability of CPO prices," he added at a discussion on "Promoting Sustainability of Upstream Oil and Gas Industry for Energy Self-Sufficiency" in Jakarta on Tuesday.

According to Tanjung, currently, there are indications of CPO oversupply or excessive CPO stocks in the country. In addition, globally, CPO prices are also projected to decline, he noted.

If CPO prices decline, palm oil farmers would be affected the most, he said.

Domestic CPO prices have ex...