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Indonesian officials expect domestic biodiesel consumption to fall in the second half of 2017 after 1.7 million kilolitres in the first half. Separately, US anti-subsidy duties hit biodiesel imports and India raised its edible oil import tax to a 10-year high.
India's higher edible oil tariff reduces import demand for palm and soy oil, while weaker Indonesian biodiesel use leaves more palm oil available for export.
gofbonline.comgofb-admJan 15, 2018After 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 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
