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Indonesia's palm oil export levy fund (BPDP Kelapa Sawit) collected about Rp 14 trillion in 2018 and disbursed roughly Rp 11 trillion. Around 70% of the 2018 allocation was targeted at biodiesel subsidies, with 22% for replanting.
The agency has not yet received 2019 allocation guidance.
Large levy-funded biodiesel allocations support domestic palm oil demand and sustain Indonesian production incentives. The 2019 allocation decision will influence the outlook for biodiesel blending demand.
katadata.co.idMichael ReilyJan 25, 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.
