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US authorities imposed anti-dumping duties on biodiesel imports from Indonesia and Argentina, and Malaysian crude palm oil prices have risen on tighter supplies after lower-than-expected summer output. Southeast Asian biodiesel offers were quoted at $710-760/tonne FOB.
The US duties are expected to cut biodiesel export demand for palm oil, which could erode the recent price gains that were driven by tight supply.
biofuelsdigest.comMeghan SappAug 24, 2017After 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.
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.
