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Indonesia expanded its domestic market obligation to cover all palm oil products, with the requirement taking effect Feb 15 before exporters can obtain export permits. The trade ministry said the rule followed the January 27 mandate that set aside 20% of crude palm oil shipments for local buyers to curb high cooking oil prices.
Requiring all palm products to meet domestic obligations before export tightens global palm supply, supporting vegetable oil prices and feed fat costs for importers.
ukragroconsult.comFeb 10, 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.
