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Bloomberg reports that surplus palm oil supplies pushed the discount of palm-based biodiesel to fossil diesel to $124 per metric ton, the widest since 2014. The gap narrowed to $107 by the following Monday, and exports could reach 380,000 tons this year.
A discount above $100 typically triggers discretionary blending, which supports palm oil demand and may limit further price declines. Surplus stocks still weigh on prices in the near term.
biofuelsdigest.comMeghan SappJul 17, 2018Not enough comparable past events yet for a historical read.
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.
