Loading…
InfoSAWIT reports that Indonesia's palm oil fund agency credits its biodiesel B20 program for higher CPO prices, but the article says the claim is unproven. CPO prices fell from US$824.4 per tonne in January to US$691.25 in April 2017, with May expected near US$720.
The article notes a steady downtrend in CPO prices driven by weather, supply and demand, while biodiesel mandates are a policy support that is hard to quantify.
en.infosawit.comJun 17, 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.
