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A palm oil farmers union report says Indonesian palm conglomerates earned over $1 billion in profits from biodiesel subsidies under the B35 programme, effective 1 February. The B35 mandate requires a 35% palm-based blend and is funded by the palm oil export tax.
Smallholders argue the policy disadvantages them.
The B35 mandate sustains structural palm oil demand from the biodiesel sector, supporting palm prices. Continued reliance on export-tax-funded subsidies shapes how much palm oil leaves the country.
southeastasiaglobe.comChia Chi HsuFeb 8, 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.
