
Indonesia's biodiesel output could rise 40% to 7 million tonnes in 2019 under a B20 mandate launched in September, according to a ministry official. Palm oil output is also expected to exceed 40 million tonnes in 2019 and Indonesia is seeking lower Indian import duties.
A large domestic biodiesel mandate absorbs crude palm oil, supporting palm prices, while higher output and export duty talks add supply-side pressure.
After 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.