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GAPKI's Fadhil Hasan said 2017 crude palm oil prices should be better than 2016, with a stronger first half and softer second half. He cited the B20 biodiesel mandate in Indonesia and B10 in Malaysia as drivers of higher domestic consumption.
Expected mandated biodiesel demand in Indonesia and Malaysia supports palm oil prices into 2017, a bullish signal for vegetable oil markets used in feed.
kl.antaranews.comAgus SetiawanNov 22, 2016After 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.
