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Gapki's feature article, published around COP28 in Dubai, argues that palm-based biofuels such as biodiesel and bioavtur can help replace fossil fuels. It cites Indonesia's emissions targets and the government's energy transition program.
The article is a promotional piece rather than a new policy action.
Continued government support for palm biofuels underpins long-term domestic palm demand, which is supportive for prices. The article itself does not announce a new measure.
gapki.idadminDec 1, 2023After 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.
