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Indonesia raised its 2022 biodiesel allocation to 11.03 million kilolitres from 10.15 million, citing expected fourth-quarter demand under the mandatory B30 programme. It also extended its palm oil export levy waiver to October 31 to ease domestic stock pressure.
A larger biodiesel mandate absorbs more palm oil domestically, tightening supply available for export and supporting palm and soyoil prices. The levy waiver partly offsets this by encouraging exports.
biofuelscentral.comredactoramexicoSep 8, 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.
