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Industry watchers say Indonesia's move to a higher biodiesel blend may be rolled out gradually. Funding the higher blend is a challenge because palm oil now trades about $400 per metric ton above crude oil.
A slower B40 rollout would moderate the near-term increase in palm oil demand for biodiesel, limiting upside pressure on prices.
reuters.comBernadette ChristinaDec 18, 2024After 513 past neutral policy events, Palm Oil 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.
