Crude Palm Oil prices hit their highest since April, powered by progress in Indonesia’s biodiesel program. Traders say the current B40 blend, now at 48% of its consumption target, is tightening export availability, and tests for the B50 mix are underway. 🧪🔥
With crude oil and soybean oil also climbing, palm oil is riding a multi-commodity wave that’s shifting global market dynamics.
📊 Expect continued support for prices as top producer Indonesia leans further into renewable energy.
