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Indonesia plans to resume its biodiesel programme, with state firm Pertamina producing an experimental 40% blend (B40) containing 30% FAME, 10% green diesel and 60% fossil diesel. Pertamina also ran a three-day trial producing 1,000 barrels per day of green diesel.
Indonesia continues its WTO complaint against EU restrictions on palm-based biofuels.
Revival of the B40 programme would raise domestic palm oil use for biofuel, supporting palm oil prices.
biofuels-news.comBiofuels Int @biofuelsmagAug 7, 2020After 548 past bullish policy events, PALMOIL 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, SBO 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.
