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Indonesian crude palm oil prices have surged, with Bursa Malaysia contracts for November-December shipment around RM5,146 to RM5,323 per tonne (about US$1,380). Indonesia cut its export duty to US$291 per tonne, which keeps exports attractive and raises concern that producers will favor exports over domestic biodiesel (B30) supply.
Rising world CPO prices and a lower export duty encourage exports over domestic biodiesel allocation, which could tighten Indonesian biodiesel supply and keep palm prices firm. This supports vegetable oil prices.
soppoa.org.myOct 31, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
