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The Indonesian Palm Oil Association reported domestic biodiesel absorption of 216 thousand tons in October, down about 4 percent from September. The average global CPO price was about US$719 per ton in October, slightly below September's level.
Steady domestic biodiesel blending supports baseline palm oil demand in Indonesia, but the small monthly decline and softer prices point to limited upward price pressure.
en.infosawit.comDec 17, 2017After 66 past neutral report events, PALMOIL moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
