
The Malaysian Palm Oil Council projects that palm oil demand in December 2024 will stay stable as importers prepare for Indonesia's B40 biodiesel mandate. Importers are also adjusting to changes in Indonesia's export levy.
The council's statement is a routine demand outlook.
Stable import demand suggests no major near-term shift in palm oil flows, so prices are likely to be driven more by biodiesel policy headlines.
After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% 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.