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Indonesia published a revised Estate Crop Fund regulation, signed August 15, that widens the fund's ability to subsidize the price gap between biodiesel and petroleum diesel. The change follows a plan requiring 20% bio-content in all diesel from September.
Broader subsidies make biodiesel production more viable, increasing palm oil demand for domestic fuel and supporting palm and vegetable oil prices.
hydrocarbonprocessing.comAug 21, 2018After 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.
