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Indonesia's senior official said the country will keep rules requiring palm oil exporters to sell domestically, capping exports at four times domestic sales. Full nationwide implementation of the 35% palm biodiesel blend begins 1 August.
Keeping the domestic sales rule and the B35 mandate limits exportable palm oil supply, which supports global palm oil and soybean oil prices.
ukragroconsult.comJul 18, 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.
