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Indonesia's Trade Minister froze export permits for several biodiesel products under HS 3826 through a regulation signed on 8 February 2022. The freeze was tied to the domestic market obligation and domestic price obligation that took effect in late January 2022.
Permits would be reactivated once exporters met their domestic distribution requirements.
Halting biodiesel exports keeps more palm-based fuel inside Indonesia, which tightens global vegetable oil supply and supports palm prices.
ekonomi.bisnis.comNyoman Ary WahyudiFeb 14, 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.
