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A president director of PT Mahkota Group said the COP26 conference agreed to gradually reduce coal use, which he expects will push countries toward biodiesel. He cited Indonesia as the largest biodiesel producer, with output of 137 thousand barrels per day.
Expected policy shifts away from coal could lift biodiesel demand and support vegetable oil prices. This is a company executive's view rather than a confirmed demand change, so the price effect is modest.
mahkotagroup.comNov 25, 2021After 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.
