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Indonesia's Energy Ministry said the B30 biodiesel mandate, a 30% palm-based blend, is expected to improve its trade balance. The ministry targets 10 million kilolitres of FAME production in 2020 and estimates savings above US$4.8 billion from biodiesel use.
A firm biodiesel mandate absorbs more palm oil domestically, reducing exportable supply and supporting palm oil prices. Higher FAME targets point to continued strong palm demand from the fuel sector.
esdm.go.idFeb 3, 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.
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.
