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Gapki's chairman said the biodiesel incentive fund managed by BPDPKS has helped stabilize crude palm oil prices. He said biodiesel mandates have supported local demand since the April 2022 export ban.
Fresh fruit bunch prices recovered from about Rp1,500-1,800 per kg to Rp2,300-2,500 per kg.
Biodiesel incentives create steady domestic demand that supports palm prices and farm-gate incomes. This keeps the price floor firm, although the effect is mostly already in the market.
gapki.idadminDec 20, 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.
