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GAPKI expects Indonesia's palm oil exports to keep falling in 2023 after exports dropped 8.5% to 30.8 million tons in 2022. Higher domestic biodiesel consumption and a slight output decline contributed to the drop.
The B35 blend is scheduled to rise to 35% in February.
Lower Indonesian export volumes tighten global palm oil supply, supporting prices. Rising biodiesel absorption shifts more output domestically, reinforcing the bullish supply outlook.
mysinchew.sinchew.com.myBy：Divya Karyza, The Jakarta Post, ANNFeb 5, 2023After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
