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Astra Agro Lestari's president director said reaching B100 biodiesel would require more than higher palm oil output. He estimated palm production growing about 3 million tonnes a year and said moving to B40 or B50 would need several million more tonnes.
The comments frame the long-run balance between palm oil output and biodiesel demand, but they do not announce a new policy. Near-term price impact is limited.
jakartaglobe.idDiana MariskaFeb 20, 2020After 513 past neutral policy events, PALMOIL moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), 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.
