Tidbits, Fundamental & Technical Analysis, Palm Oil & Biodiesel, FOB 5/19/25
- Wright team
- May 19
- 5 min read
Tidbits
Trump and Putin have a phone call scheduled for today. Moscow is 8 hours ahead of Central Time.
On 10 November 2023, Moody’s changed its outlook on the U.S. credit rating from “stable” to “negative,” signaling a potential future downgrade. Last week, Moody's downgraded the US credit rating for the first time in history, citing the increase of U.S. government debt; rating downgraded from AAA to AA1 with negative outlook.
Palm oil is the world’s leading vegetable oil followed by soybean oil. Indonesia and Malaysia exported 78.9% of the world’s palm oil in 2023, down from 90+% in 2020 because both countries are rapidly increasing their biodiesel use. India and China are, by far, the world’s largest imports of palm oil. But the day is coming soon when those two countries may not be able to import any palm oil from Indonesia and Malaysia.
The Indonesian government is preparing to implement the B50 (50% palm oil & 50% petro diesel) biodiesel mandate by early 2026. The current B40 program has been running smoothly. The government is evaluating the availability of feedstock to ensure a smooth transition to B50.
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