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Reuters reports Indonesia used about 7 million tonnes of palm oil for biodiesel in 2020 out of 41.4 million tonnes of total output, up from 1.4 million in 2015. Malaysia used about 880,000 tonnes for biodiesel in 2020, up from 600,000 in 2015.
Rising biodiesel feedstock use absorbs a growing share of palm oil output, tightening supply for food and export markets and supporting palm prices.
reuters.comMichael TaylorFeb 4, 2021After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
