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Indonesia's steering committee decided the export levy stays at zero until October 31, 2022, and raised the 2022 biodiesel allocation from 10.15 million kl to 11.03 million kl. The meeting also agreed to accelerate ISPO certification and the smallholder replanting program.
Higher biodiesel allocation increases domestic palm oil demand for fuel, while zero levy supports exports, together supporting palm oil and soybean oil prices.
en.infosawit.comAtep Yulianto IrawanAug 30, 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.
