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Indonesia's government said CPO prices fell about 24%, from US$636 to US$485 a tonne, through October 2018. It outlined supply-side measures such as a palm oil moratorium and ISPO strengthening, and demand-side measures including optimizing B20 biodiesel.
It also plans to expand the smallholder replanting program.
Expanded B20 biodiesel use and a larger replanting program would support domestic palm oil demand over time. The policies aim to restore competitiveness and firm prices from current lows.
en.infosawit.comNov 1, 2018After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
