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Malaysian palm oil futures for March delivery settled 9 ringgit (0.21%) lower at 4,356 ringgit a metric ton on Wednesday. Traders cited export demand concerns and uncertainty over Indonesia's B40 biodiesel mandate, after the energy minister allocated 15.6 million kilolitres of biodiesel for 2025 and gave industry until the end of next month to adapt.
Uncertainty over Indonesia's biodiesel allocation affects how much palm oil goes into domestic fuel versus exports, which shapes global vegetable oil supply. Until the mandate is clearer, palm prices are likely to stay under pressure.
brecorder.comReutersJan 8, 2025After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% 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.
