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Indonesian prosecutors have arrested economist Lin Che Wei over his alleged role in securing export permits for palm oil companies, a practice blamed for a domestic cooking oil shortage. The probe may extend to the biodiesel industry and the state palm oil fund.
Investigations into export permit practices add uncertainty to Indonesian palm oil export flows, supporting palm prices and biodiesel feedstock costs while policy remains unpredictable.
news.mongabay.comHayat IndriyatnoMay 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 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
