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Fadhil Hasan of the Indonesian Palm Oil Association said he expects crude palm oil prices to be higher next year than this year. He cited Indonesia's B20 biodiesel mandate and Malaysia's B10 program as drivers of domestic consumption.
He expects prices to be firmer in the first half of 2017 and softer in the second half.
Expanding biodiesel mandates absorb more palm oil domestically, supporting prices and tightening export availability for feed-grade vegetable oils.
en.infosawit.comInfoSAWIT EnglishNov 23, 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.
