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Indonesia and Malaysia reaffirmed joint commitment to palm oil sustainability at the 10th CPOPC ministerial meeting in Nusa Dua, Bali. They agreed to consider raising the mandatory biodiesel blend to B35 in Indonesia and B20 in Malaysia.
Possible B35 and B20 mandates would significantly boost domestic palm oil use for biodiesel, a bullish factor for palm oil prices, though no decision has been finalized.
gapki.idadminAug 11, 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.
