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Indonesia extended export restrictions from 15 February 2022 to palm mill effluent under HS 1522.00.90, palm fatty acid distillate and other waste-oil feedstocks used for biodiesel and HVO. Used cooking oil exporters had lobbied for an exemption but were denied.
Exports now require proof of domestic sales equal to 20% of planned volumes.
Restricting waste oil and palm residue exports diverts feedstock into the domestic market and tightens global supply of biodiesel inputs, supporting palm-based oil prices.
argusmedia.comLauren MoffittFeb 9, 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.
