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Sawit Watch director Achmad Surambo said biodiesel subsidies from B20 through B35 delivered large profits to major palm oil companies in 2019-2021, citing specific earnings for Wilmar, Musim Mas and others. He also noted the ongoing Attorney General investigation into alleged corruption in the palm oil fund managed by PFMA from 2015 to 2022.
The story reflects scrutiny of the biodiesel subsidy regime that supports palm oil demand, and any policy change could affect domestic palm oil consumption. No specific policy change has been proposed, so the immediate price impact is minimal.
palmoilmagazine.comPalmoilmagazineOct 2, 2023After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
