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Malaysia's Plantation and Commodities Minister Johari Abdul Ghani said Indonesia's B40 biodiesel mandate is a key support for palm oil demand. He said about 25% of Indonesian output is allocated to biodiesel.
He warned Malaysia would face downward price pressure if Indonesia dropped the programme.
Biodiesel absorbs a large share of palm supply, so the mandate underpins palm oil prices. Any reversal of the programme would add supply to global markets and pressure prices lower.
theedgemalaysia.comJan 7, 2025After 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.
