# How COVID, government policies affect palm oil market | Feed Strategy

> Palm fatty acid distillate (PFAD), a crude palm oil refining byproduct used in feed, biofuel and soap, has risen sharply since early August 2020. Prices reached $627.5 per tonne FOB Indonesia in early September, up 39% year on year, driven by supply tightness and Indian soap demand.

- Date: 2020-10-06 · published 2020-10-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50521-how-covid-government-policies-affect-palm-oil-market-feed-strategy
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher PFAD prices raise the cost of this palm-derived feed ingredient and reflect broader tightness in palm oil supply, supporting feed cost inputs.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15441693/how-covid-government-policies-affect-palm-oil-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.