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GAPKI reports that Indonesia's palm oil industry supplies fatty acid methyl ester for biodiesel blending under the mandatory B30 program. The government targets 25 percent new and renewable energy in its national energy mix.
Biodiesel use has reduced diesel imports and saved foreign exchange, according to statistics agency BPS.
The biodiesel mandate absorbs a large share of domestic crude palm oil, which tightens exportable supply and supports global palm prices.
gapki.idNov 5, 2020After 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.
