# Market Updates – Issue 4, 2017 |         Global Oil & Fats Business Online – gofbonline.com

> 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.

- Date: 2018-01-15 · published 2018-01-15T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67048-market-updates-issue-4-2017-global-oil-and-fats-business-online-gofbonline-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-21 | [China: Oil and Fats Review \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/70459-china-oil-and-fats-review-global-oil-and-fats-business-online-gofbonline-com.md) | -0.3% | +2.3% |
| PALMOIL | 2017-02-18 | [Palm Oil Faces New EU Offensive \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/72508-palm-oil-faces-new-eu-offensive-global-oil-and-fats-business-online-gofbonline.md) | -0.9% | -5.4% |
| PALMOIL | 2019-06-24 | [Malaysian Palm Oil – Industry Overview \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/58470-malaysian-palm-oil-industry-overview-global-oil-and-fats-business-online.md) | -0.6% | -1.6% |
| PALMOIL | 2021-06-14 | [Palm extends fall to hit over 4-month low on cheaper US soyoil - Markets - Business Recorder](https://feedsoft.ai/events/10807-palm-extends-fall-to-hit-over-4-month-low-on-cheaper-us-soyoil-markets-business.md) | -3.6% | +0.1% |
| PALMOIL | 2022-06-03 | [Indonesia’s rupiah climbs on palm oil export permits; Asia FX upbeat - Markets - Business Recorder](https://feedsoft.ai/events/41277-indonesia-s-rupiah-climbs-on-palm-oil-export-permits-asia-fx-upbeat-markets.md) | -2.5% | -26.2% |
| SBO | 2017-06-21 | [China: Oil and Fats Review \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/70459-china-oil-and-fats-review-global-oil-and-fats-business-online-gofbonline-com.md) | +0.2% | +4.5% |
| SBO | 2021-08-25 | [Palm oil falls - Markets - Business Recorder](https://feedsoft.ai/events/45655-palm-oil-falls-markets-business-recorder.md) | -1.4% | -5.7% |
| SBO | 2021-06-14 | [Palm extends fall to hit over 4-month low on cheaper US soyoil - Markets - Business Recorder](https://feedsoft.ai/events/10807-palm-extends-fall-to-hit-over-4-month-low-on-cheaper-us-soyoil-markets-business.md) | -10.4% | -11.7% |

## Sources

- gofbonline.com: https://gofbonline.com/market-updates-issue-4-2017/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.