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GAPKI published an opinion piece defending Indonesia's biodiesel subsidies against claims by NGOs Auriga Nusantara and Satya Bumi, and the EU, that subsidies favored conglomerates. It argues subsidies are normal for infant biodiesel industries, as in the EU and US.
The piece reflects ongoing policy debate over whether biodiesel subsidies will continue, which affects the long-run domestic demand outlook for palm oil; it contains no new policy change.
gapki.idMay 9, 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.
