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Indonesia's Palm Oil Plantation Fund Management Agency directs 90% of its funds to narrowing the price gap between biodiesel and fossil diesel. Its stated aim is to build a domestic biodiesel market through the mandatory blending program, which has historically fallen short of its targets.
Sustained domestic biodiesel mandates absorb palm oil that would otherwise be exported, which supports palm oil prices if the program is enforced.
en.infosawit.comInfoSAWIT EnglishJun 17, 2017After 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.
