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Indonesia's biodiesel association expects 2019 exports of 1 to 2 million kilolitres, with Q1 exports up 78 percent year on year. Domestic consumption more than doubled in Q1 under the B20 mandate, and a B30 road test is planned.
Strong domestic biodiesel demand under B20 and the planned B30 mandate tighten palm oil supply, which supports palm oil prices.
zmp.deMay 2, 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.
