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CPO futures on Bursa Malaysia rallied to a 15-month high on March 30 and settled up 3.04%, after Indonesia's president said the B50 biodiesel mandate would be implemented this year. CME soyoil also climbed on stronger energy prices and new US renewable fuel targets announced March 27.
A firm B50 mandate and EPA renewable fuel targets would raise biofuel feedstock demand for vegetable oils, supporting palm and soyoil prices. Narrowing palm-gasoil spreads add to the energy-linked support.
fastmarkets.comthe Fastmarkets teamApr 1, 2026After 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.
After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% 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.
Indonesia's president confirming B50 biodiesel implementation this year, plus a soyoil rally on stronger energy prices and US renewable fuel targets, lifted CPO to a 15-month high just before the 1 April move (demand and policy).
Veg oil rally on B50 commitment, higher energy prices and new US renewable fuel targets lifted palm and soyoil sentiment.
