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The Indonesian palm oil fund agency BPDPKS said it will keep paying the price gap between biodiesel and diesel so biodiesel stays affordable. It said the fund is financed by palm oil export levies and also supports replanting, research and promotion.
The statement was made in a July 30 television interview.
Continued subsidy payments keep domestic biodiesel demand for palm oil supported, which underpins palm prices.
bpdp.or.idCodingestAug 1, 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.
