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Indonesian palm oil prices have surged, and the planned B30 biodiesel mandate is at risk. An export duty of US$291 per tonne on crude palm oil is in place, but producers still favor the domestic market.
Domestic biodiesel demand and export levies reduce palm oil export availability, which supports palm and soybean oil prices and feed fat costs.
tropis.coUsmanOct 27, 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.
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.
