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The Indonesian government announced that the B35 biodiesel mandate will begin on February 1, 2023, with biodiesel to be used across national transport. Officials said the policy supports energy security and is funded through palm oil export levies managed by BPDPKS.
Confirmed start of the B35 mandate locks in higher domestic palm oil use for biodiesel, reducing exports and supporting vegetable oil prices.
ekonomi.bisnis.comAnnasa Rizki KamalinaJan 31, 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.
