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Reuters reports Indonesia plans to raise its biodiesel mandate from 20% to 25% from 2019 to boost palm oil consumption and cut fuel imports. The article also notes the EU's move to limit palm-based biofuel and a recent European Court ruling on anti-dumping tariffs.
A higher domestic biodiesel mandate absorbs palm oil supply, which supports palm oil prices and reduces exportable surplus.
biofuels-news.comBiofuels Int @biofuelsmagMay 24, 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.
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.
