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Indonesia's palm oil export levy fund (BPDP-KS) collected Rp 11.7 trillion in 2016 and ended the year with Rp 5.7 trillion in reserves. The B20 biodiesel program absorbed 2.7 million kiloliters of palm biodiesel in 2016, and Rp 9.6 trillion is allocated to B20 in 2017.
Strong government-funded biodiesel absorption, with a planned allocation for 2017, keeps domestic palm oil demand firm and supports prices.
investor.idOleh Damiana SimanjuntakJan 11, 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.
