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An Opinion piece in The Jakarta Post questions whether Indonesia should continue its biodiesel plan, including the B30 rollout this year and planned B40 in mid-2021, as COVID-19 pushes the economy toward recession. The authors note that Indonesian biodiesel depends heavily on government incentives because it is uncompetitive with fossil diesel.
Doubts about the pace of biodiesel expansion raise the risk of slower palm oil demand growth from the biofuel sector, which is bearish for palm oil over the longer term.
thejakartapost.comIchsan Saif, Wiko SaputraMay 14, 2020After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
