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Opinion piece from GAPKI rebutting NGOs Auriga Nusantara and Satya Bumi, and the EU, which claimed Indonesian biodiesel was subsidized mainly for well-connected conglomerates. The author argues early subsidies were a normal, temporary step to build an infant industry, as in the EU and US.
The debate over biodiesel subsidies bears on domestic FAME demand under the mandate, which absorbs palm oil and shapes its price outlook. Pressure to scale back support could weaken domestic palm oil demand.
gapki.idadminApr 27, 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.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
