Loading…
Indonesian biofuel producers say domestic absorption of biodiesel will rise under the B30 mandate, with exports largely halted. Output capacity is 10 million kilolitres, with domestic uptake estimated near 8.6 million tonnes, leaving limited spare stock.
Diverting biodiesel to the domestic B30 market reduces export supply and tightens palm-based feedstock availability, supporting palm oil prices while EU countervailing duties restrict exports further.
ekonomi.bisnis.comIim Fathimah TimorriaOct 23, 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.
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.
