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Indonesian palm oil industry leaders warned that rising global edible oil prices could revive a food-versus-fuel debate. They said prices should stay around $1,000 to $1,100 per tonne while Indonesia's exportable surplus shrinks due to biodiesel diversion.
A shrinking exportable surplus from biodiesel diversion supports palm oil prices and could bring pressure on the biodiesel program.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.