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The US Commerce Department issued a final affirmative countervailing duty determination finding that Indonesia subsidizes producers and exporters of biodiesel. The review covers the 2016 period of investigation.
The ruling confirms duties on Indonesian biodiesel entering the US market.
Higher duties on Indonesian palm-based biodiesel reduce Indonesia's export outlet to the US, which weighs on palm oil demand and prices.
federalregister.govNov 16, 2017After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
