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Indonesia and Malaysia's economic and plantation ministers met in Jakarta on October 24, 2021 to strengthen bilateral cooperation on palm oil. They reiterated the need to sustain good CPO prices through higher domestic consumption and biodiesel mandates (B30 in Indonesia, B20 in Malaysia).
Producer coordination aimed at supporting prices and boosting domestic biodiesel use would tighten exportable palm supply. The statement is supportive for palm oil prices but is largely a policy intention rather than a concrete supply change.
gapki.idadminOct 29, 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.
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.
