Palm Oil Futures Fall for Second Day as Indonesia Implements B50 Biodiesel Policy

Malaysian palm oil futures have fallen for a second consecutive day as Indonesia’s new B50 biodiesel policy took effect today. According to Jin10, the edible oils market is facing mixed drivers, with expectations of higher production and rising inventories competing with anticipated output reductions linked to El Nino. Jin10 said the opposing forces have intensified a tug-of-war between bulls and bears, leaving the broader oils market at a critical juncture.