The May contract of palm oil closed the session this Thursday (9) with a strong increase of 1.00% in Malaysian Derivatives Exchange (MDEX)The price of crude oil, quoted at US$1,156.75/ton, advanced 1.13% to US$1,165.00/ton. In this trading session, the upward movement was driven by opportunistic buying after losses in the previous session, amidst the appreciation of crude oil, which tends to favor demand for biofuels. Another supporting factor was the depreciation of… Malaysian ringgit, which retreated 0.15% against the dollarmaking palm oil more competitive for international buyers. However, gains were limited by weakness in competing oils traded in Dalian, China, and by uncertainties about the program's timeline. B50 In Indonesia, uncertainty surrounding the mandatory biodiesel blending policy—whether restricted to subsidized entities or also valid for non-subsidized ones—has generated caution among stakeholders. The Indonesian Ministry of Energy reported issuing a decree to define the policy's timeline, aligned with the country's energy transition and self-sufficiency goals.
This text was translated by machine from Brazilian Portuguese.