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Wood Mackenzie says Asia's biofuel blending targets will be hard to meet because of feedstock constraints and food security concerns. Regional biofuel demand is forecast to reach 0.51 million b/d by 2030, up 50% from 2020.
Indonesia plans B40 by 2022.
Competing biodiesel demand for palm oil in Asia could tighten vegetable oil supply over time, though the timing and scale of mandates remain uncertain.
woodmac.comMar 31, 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.
