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Edible oil prices turned volatile after a sharp drop over recent weeks driven by rising production, benign exports and large South American and Indian crops. Biodiesel blending expansion in South America and Southeast Asia has also been cited as a support factor.
Expanded biodiesel mandates, including Indonesia's higher blending target, could lift vegetable oil demand and prices. Ample supply from South America and India currently offsets that support.
business-standard.comGnanasekar ThiagarajanFeb 26, 2017After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
