Loading…
S&P Global reports that Asian POME prices have risen about 50% during 2024, with much of the gain in Q4 after Indonesia raised its export tax on POME in October. Demand from the EU and Indonesia's domestic biofuel obligation are expected to support prices into 2025.
Fraud allegations add uncertainty to trade.
Biofuel-driven feedstock demand and higher Indonesian export taxes keep vegetable oil and by-product feedstock prices firm, raising costs for fat-based feed inputs.
spglobal.comAditya Kondalamahanty, David ChaiDec 23, 2024After 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.
