
Analysts at the Indonesian Palm Oil Conference said Indonesia's B30 biofuel mandate, effective January 2020, will raise domestic palm oil consumption. They forecast Rotterdam palm oil prices of $650 to $700 per ton for January to June 2020, up from a decade low of $507 last year.
Thomas Mielke warned that any small drop in export supply would tighten the world market.
Mandated domestic biodiesel use removes palm oil from export markets, which can lift global vegetable oil prices. Palm oil is hard to replace, so supply shortfalls have outsized price effects.
Setelah 548 peristiwa kebijakan bullish sebelumnya, Minyak Sawit bergerak median +0,4% selama 5 sesi (61% lebih tinggi; separuh tengah -0,7% sampai +2,1%), dan +0,9% selama 20 sesi.
Setelah 842 peristiwa kebijakan bullish sebelumnya, Minyak Kedelai bergerak median +0,2% selama 5 sesi (52% lebih tinggi; separuh tengah -1,6% sampai +2,1%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Indonesia's B30 mandate from January 2020 raises domestic consumption and cuts export supply, with analysts forecasting higher prices.
The B30 mandate effective January 2020 raises Indonesian domestic consumption and cuts export availability, with analysts forecasting higher prices.