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Industry experts at the IPOC 2024 conference in Bali forecast palm oil prices would be supported in 2025 by tight supply and slowing crude palm oil output growth. They said Indonesia's planned B40 biodiesel mandate could lift prices further, though some doubted it would be implemented.
A B40 mandate would divert large volumes of palm oil to biodiesel, tightening exportable supplies and supporting prices. Subsidy costs tied to crude oil prices could also constrain how far the mandate is implemented.
argusmedia.comDeborah Sun, Carolina PalmaMar 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.
