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The Indonesian Biofuel Producers Association expects 3.62 million kilolitres of additional biodiesel (FAME) capacity in 2020, bringing total capacity to 12 million kilolitres. The association says this could support biodiesel exports.
Rising biodiesel capacity could draw more palm oil into fuel production and reduce oil available for food and export. That supports palm oil prices if the export channel grows.
thestar.com.myThe Star OnlineFeb 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.
