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Indonesia and Malaysia are committing to palm-based biodiesel mandates despite higher prices. Indonesia has used a mandatory B30 blend since early 2020, the highest mandated biodiesel mix in the world, to cut diesel imports.
Mandated palm oil blending keeps a large share of output in the fuel market regardless of price, which supports palm oil demand and prices.
reuters.comIndustry InsightMar 24, 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.
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.
