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Global Trade Alert logged an Indonesian measure restricting exports of palm oil-based biodiesel by requiring domestic market obligations to be met before exports. The entry is dated February 8, 2021, though its text refers to February 2022.
Export restrictions on biodiesel keep more palm-based fuel at home for the B30 program, tightening export availability of palm oil products and supporting international prices.
globaltradealert.orgFeb 8, 2021After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% 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.
