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Indonesia has run its B20 biodiesel mandate, which blends 20% palm-based biodiesel into diesel, since 2016 and reports savings of up to US$1 billion in diesel imports. The Malaysian Palm Oil Board took Malaysian delegates to Jakarta to study the program.
Indonesia plans to move to B30 by 2020.
Mandated blending gives a structural floor to palm oil demand, and a move to B30 would add meaningfully to domestic consumption. Malaysia's own adoption of higher blends would add demand as well.
theborneopost.comJustMay 3, 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.
