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Indonesia's state palm oil company PalmCo delayed its IPO and plans to start construction this year on a biodiesel plant. The plant is expected to have 443,000 metric tons per year capacity by 2026.
New biodiesel capacity points to rising domestic palm oil demand for biofuel, which tightens exportable supply over the medium term.
reuters.comJan 10, 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.
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.
