Loading…
Indonesia will make biodiesel with at least 25% bio-content mandatory from 2019, according to an energy ministry official. The B25 programme could lift FAME consumption to 5.5-6 million kilolitres, more than double 2017 levels.
A large domestic biodiesel mandate pulls palm oil out of export markets, tightening global vegetable oil supply and supporting palm and soyoil prices.
thestar.com.myThe Star OnlineMay 24, 2018After 548 past bullish policy events, PALMOIL 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, SBO 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.
