
Malaysia urged countries to prioritise food over fuel as Indonesia moved to ban palm exports. Indonesia and Malaysia both require palm oil in biodiesel at 30% and 20% respectively and reaffirmed those mandates last month.
The push to divert palm oil from biofuel toward food highlights pressure to ease biodiesel demand, which could eventually add supply, though the near-term effect is supportive for palm prices.
After 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.