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Indonesia's planned B-35 biodiesel mandate for Biosolar fuel, effective January 2023, is expected to raise domestic palm oil absorption from 30% to 35% blending. Industry groups say supply is sufficient to meet higher consumption, with total use rising from 18 to 21 million tonnes.
A higher domestic biodiesel mandate diverts palm oil from exports into fuel, tightening global supply and supporting palm oil and soybean oil prices.
pwc.comPricewaterhouseCoopersDec 19, 2022After 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.
