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Indonesian palm oil producers warn that rising domestic biofuel demand could harm food security and reduce exports amid stagnant production. The government is considering doubling the replanting subsidy.
Biodiesel mandates diverting palm oil away from export markets tighten global vegetable oil supply, supporting palm and soyoil prices.
asia.nikkei.comERWIDA MAULIA, Nikkei staff writerFeb 28, 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.
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.
