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Indonesia's government says its mandatory biodiesel programme is intended to counter negative campaigns against palm oil in the EU and to stabilize crude palm oil prices. The BPDP-KS fund cited palm oil exports of $154.9 million in 2019 and about 22 million jobs in the industry.
The biodiesel mandate absorbs domestic palm oil supply, which the government argues will support CPO prices. The policy framing suggests continued support for domestic biodiesel demand.
fuelsandlubes.comVicky DentonJul 31, 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.
