Loading…
Analysts expect global palm oil supplies to tighten as production growth slows and Indonesia is likely to increase compulsory biodiesel blending from B35 toward B40. A raise to B50 was also discussed as a possibility for after 2025.
Malaysia's biodiesel output could also rise if its 20% mandate expands.
Slowing palm production combined with rising biodiesel mandates reduces supply available for food and export markets, which supports palm oil prices. Oilseed meal and oil markets may also tighten.
reuters.comBernadette Christina, Danial AzharMar 6, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
