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Indonesian biodiesel producers are preparing to increase exports after the EU removed anti-dumping duties on 13 Indonesian and Argentine producers. Indonesia expects to ship about 432,000 tonnes to the EU this year, up from almost none in 2017.
Malaysian exporters expect to lose market share because their biodiesel costs are higher.
Higher Indonesian biodiesel exports to Europe add palm-based biofuel demand and support palm oil prices. Malaysian producers losing share could weigh on Malaysian palm oil derivative demand.
beta.malaymail.comApr 19, 2018
nst.com.myReutersApr 19, 2018After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
