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Indonesia's energy ministry will not revise biodiesel subsidies despite a cut in crude palm oil export levies. Officials at the BPDPKS fund say export levies have financed biodiesel subsidies, and concerns are growing about the programme's long-term funding.
The fund covers the gap between biodiesel and diesel prices.
Lower levy receipts could limit subsidy funding for the B40 and B50 biodiesel programmes, creating uncertainty about future domestic palm oil demand.
bloombergtechnoz.comDovana HasianaSep 26, 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.
