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Indonesia's energy directorate said integrating biofuels into ASEAN's renewable energy roadmap is needed to close the gap between renewable targets and actual progress. ASEAN's renewable share reached 14.4% against a 23% target for 2025.
Stronger policy support for biofuels in ASEAN could lift domestic demand for palm oil feedstock, though this is an early-stage policy discussion with limited near-term price impact.
esdm.go.idAug 2, 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.
