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Indonesia's chief economic minister said he is confident palm oil output can be raised to meet biofuel demand. The government plans to raise the biodiesel blend from 35% to 40% palm-based fuel (B40) in 2025, with further increases expected.
A higher mandatory biodiesel blend diverts more palm oil into fuel, tightening export supply and supporting palm oil prices.
reuters.comBernadette ChristinaNov 7, 2024After 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.
