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Indonesian media report that the government is prioritizing biodiesel mandates, with B35 in effect since February 2023 and B40 planned for next year. Officials cite reducing fuel imports and meeting energy targets, while aging plantations and stalled replanting weigh on palm output.
Expanding biodiesel mandates divert palm oil toward domestic fuel and can reduce Indonesian CPO export availability, supporting global palm oil prices.
bloombergtechnoz.comIbnu AffanNov 7, 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
