Indonesia's 2020 B30 biodiesel mandate will require 9.6 billion liters of biodiesel, reducing export availability by 3 billion liters. The industry minister said it will raise palm oil value by $930 million and cut fossil fuel imports by $4.5 billion.
Diverting about 3 billion liters of palm oil from exports to domestic biodiesel tightens global palm and vegetable oil supply, which is supportive for prices.
After 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.