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Indonesia's energy ministry allocated 16.7mn kilolitres of biodiesel production volumes across 26 producers to implement the 50% blend (B50) mandate, up from 15.6mn kl under the original B40 target. Of the total, 8.2mn kl is subsidised volume for public-service uses and 8.5mn kl goes to non-PSO sectors.
Higher mandated biodiesel volumes add structural demand for palm oil and soyoil feedstock, supporting prices. Funding the subsidy gap from palm export levies also ties palm market conditions to government budgets.
argusmedia.comMalcolm GohMar 25, 2024After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% 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.
