Loading…
Indonesia plans to raise its mandatory biodiesel blend from B30 to B40 in 2022, using 40% palm-derived fatty acid methyl ester. The energy ministry projects CPO use for biofuel at 10.15 million kiloliters, funded through export levies.
Rising CPO prices have lifted domestic cooking oil prices, but industry officials say supply for the program is secure.
A B40 mandate would absorb a large share of Indonesian palm output into fuel, tightening export availability and supporting palm and soyoil prices.
gapki.idadminFeb 13, 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.
