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Indonesia's energy ministry said the country will likely raise its palm oil export levy to fund the biodiesel mandate, citing tightening funds. Indonesia currently runs B40 and intends to move to B50 later this year.
A higher levy to fund biodiesel subsidies affects the cost of Indonesian exports and the outlook for domestic palm oil demand, making the price impact uncertain.
After 513 past neutral policy events, PALMOIL moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.