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Indonesian biodiesel makers are looking for new export markets after the US set anti-subsidy rates on palm-based biodiesel. US producers had complained that imports from Indonesia and Argentina surged and undercut prices.
Indonesia is preparing appeals.
The US trade action reduces Indonesian biodiesel export demand, which is bearish for palm oil.
biofuels-news.comBiofuels Int @biofuelsmagNov 21, 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.
