
The ICDX CPO benchmark rose 8.09% in a week to IDR 14,295 per kg, driven by hopes for stronger Chinese demand. China said it would stop requiring quarantine for tourists from January 8, 2023, and Indonesia set B35 biodiesel blending to start February 1, 2023.
China's reopening could lift palm oil import demand, and Indonesia's B35 mandate would absorb more palm oil domestically, together supporting palm oil prices and tightening vegetable oil supply.
After 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.