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Asian biodiesel supplies are expected to become more domestically focused in 2020 as Indonesia moves to B30 and Malaysia phases in B20 from B10. Indonesia's domestic biodiesel use is set to rise to about 8.47 million tonnes a year from 6.58 million, leaving little for exports.
Europe has also imposed anti-subsidy duties on Indonesian biodiesel.
Higher domestic biodiesel mandates in Indonesia and Malaysia cut exportable palm-based biofuel and palm oil supplies, supporting regional vegetable oil prices. Tighter exports benefit palm oil prices into 2020.
middleeastmetals.irDec 24, 2019After 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.
