What the news says
This news could affect the PALM commodity. The diversion of palm oil output by the world's largest exporter towards domestic biofuel consumption may reduce the volume available for export markets.
06/18, 06:06 PM
Palm oil futures retreated after gains; US-Iran deal creates market uncertainties while future supply reduction expectations may support prices.
Palm oil futures retreated after gains; US-Iran deal creates market uncertainties while future supply reduction expectations may support prices.
Affected assets
jin10-flash
06/18, 06:06 PM
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High impactThe post reports that Indonesia's biofuel push, involving a new palm-diesel blend, will strain local producers and tighten global palm oil supplies by diverting exports.