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APROBI, the Indonesian biofuel producers association, said biodiesel subsidies since 2015 have been funded by a palm oil export levy collected by the BPDP fund rather than the state budget. The levy is paid by palm exporters on exports of CPO and derivatives.
The group said the biodiesel mandate, halted in 2014, is backed fully by private exporters.
The levy-funded biodiesel program absorbs palm oil into domestic fuel use, supporting Indonesian CPO demand and prices if the mandate expands.
sawitindonesia.comQayuum AmriJan 22, 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.
After 842 past bullish policy events, Soybean Oil 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.
