# Palm futures hit 15-month high on Indonesia biodiesel plans, crude rally - Markets - Business Recorder

> Malaysian palm oil futures rose about 3% to a 15-month high on March 30 after Indonesian President Prabowo said Indonesia will proceed with the B50 biodiesel programme this year. Crude oil also rallied as Yemeni Houthis launched attacks on Israel.

- Date: 2026-03-30 · published 2026-03-30T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/20264-palm-futures-hit-15-month-high-on-indonesia-biodiesel-plans-crude-rally-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A confirmed B50 mandate would add substantial biodiesel demand for palm oil and tighten exportable supply, supporting prices. Higher crude further narrows the palm-gasoil spread and strengthens biofuel economics.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-03-31 | 1 | +3.9% | 3.7 | 15-month high on March 30 after Prabowo reaffirmed B50 and crude rallied, a biodiesel demand driver that fed the continuing move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-08-26 | [Palm oil climbs to one-month high on Indonesia’s tax, biodiesel plans - Markets - Business Recorder](https://feedsoft.ai/events/15630-palm-oil-climbs-to-one-month-high-on-indonesia-s-tax-biodiesel-plans-markets.md) | +0.7% | +6.8% |
| PALMOIL | 2022-12-19 | [Palm oil firms on higher crude prices, Indonesia’s plan to raise biofuel mandate - Markets - Business Recorder](https://feedsoft.ai/events/38333-palm-oil-firms-on-higher-crude-prices-indonesia-s-plan-to-raise-biofuel-mandate.md) | -0.6% | +1.5% |
| PALMOIL | 2024-08-27 | [Palm oil extends gains on Indonesia supply outlook, biodiesel plan - Markets - Business Recorder](https://feedsoft.ai/events/28871-palm-oil-extends-gains-on-indonesia-supply-outlook-biodiesel-plan-markets.md) | +4.2% | +6.5% |
| PALMOIL | 2022-07-13 | [Palm rises on Indonesia’s biodiesel mandate, lower exports cap gains - Markets - Business Recorder](https://feedsoft.ai/events/15804-palm-rises-on-indonesia-s-biodiesel-mandate-lower-exports-cap-gains-markets.md) | -5.7% | -3.0% |
| PALMOIL | 2024-10-24 | [Palm oil futures hits highest level in over two years - Markets - Business Recorder](https://feedsoft.ai/events/27954-palm-oil-futures-hits-highest-level-in-over-two-years-markets-business-recorder.md) | +0.5% | +9.7% |
| SBO | 2024-08-26 | [Palm oil climbs to one-month high on Indonesia’s tax, biodiesel plans - Markets - Business Recorder](https://feedsoft.ai/events/15630-palm-oil-climbs-to-one-month-high-on-indonesia-s-tax-biodiesel-plans-markets.md) | +3.3% | +1.0% |
| SBO | 2024-08-27 | [Palm oil extends gains on Indonesia supply outlook, biodiesel plan - Markets - Business Recorder](https://feedsoft.ai/events/28871-palm-oil-extends-gains-on-indonesia-supply-outlook-biodiesel-plan-markets.md) | +2.0% | +1.6% |
| SBO | 2022-07-13 | [Palm rises on Indonesia’s biodiesel mandate, lower exports cap gains - Markets - Business Recorder](https://feedsoft.ai/events/15804-palm-rises-on-indonesia-s-biodiesel-mandate-lower-exports-cap-gains-markets.md) | +0.0% | +4.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40413837

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.