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UOB Indonesia reports that Indonesia is pushing downstream processing in the crude palm oil industry. Investment in downstream industry and CPO and oleochemical activity is rising under the Prabowo administration.
The article is a general sector overview without a new market-moving event.
Downstream processing investment may gradually shift more palm oil into domestic refining, but the effect on near-term prices is limited.
uobgroup.comHarapman Kasan UOB IndonesiaDec 23, 2024After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% over 20.
After 1,419 past policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% 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.
