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The Indonesian Palm Oil Association (Gapki) estimates Indonesia will use 8.3 million tonnes of palm oil for domestic biodiesel in 2020 after launching the B30 mandate. It warns that exportable palm oil supply could fall sharply as a result.
Indonesia is also preparing B40 for next year.
Diverting 8.3 million tonnes to biodiesel would significantly cut exports and tighten global palm oil supply. That supports palm oil prices.
en.vietnamplus.vnVietnam+ (VietnamPlusFeb 6, 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.
