
GAPKI said Indonesia's 2024 palm oil exports are expected to fall about 4% to roughly 29 million metric tons. Higher domestic biodiesel demand under the B35 mandate, which raised the palm oil content requirement from 30% to 35%, drives the decline.
Reduced export availability from the largest palm oil producer supports global vegetable oil prices and raises costs for feed fats.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% 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.