
Indonesia's economic affairs ministry is set to discuss how to continue the B30 palm biodiesel mandate as falling crude prices make palm feedstock less attractive. Malaysia delayed its B20 rollout due to COVID-19 movement curbs.
State energy company Pertamina asked parliament to cap prices for some crude palm oil products.
Uncertainty over the continuation of Indonesia's B30 mandate and a possible price cap weigh on palm oil demand, which is bearish for palm oil prices.
After 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.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% 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.