# Mpob expects brighter outlook for palm oil next year | Borneo Post Online

> The Malaysian Palm Oil Board expects palm oil output to recover in the second half of 2017 after slowing in the first half. It cited US and Indonesian biofuel commitments and rising Chinese import interest as supports for demand.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/10932-mpob-expects-brighter-outlook-for-palm-oil-next-year-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected stronger biofuel and China demand alongside a later output recovery points to firm palm oil prices. Vegetable oil demand is seen outpacing supply, supporting vegetable oil and related feed input values.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-03-31 | [Export tax freeze to support Malaysian palm oil industry \| Borneo Post Online](https://feedsoft.ai/events/65878-export-tax-freeze-to-support-malaysian-palm-oil-industry-borneo-post-online.md) | +3.4% | -0.1% |
| PALMOIL | 2017-05-03 | [Greater push for biodiesel in Indonesia, Malaysia \| Borneo Post Online](https://feedsoft.ai/events/70909-greater-push-for-biodiesel-in-indonesia-malaysia-borneo-post-online.md) | +2.2% | +2.1% |
| PALMOIL | 2021-10-29 | [Malaysia to raise threshold for palm oil windfall levy next year \| Financial Post](https://feedsoft.ai/events/44419-malaysia-to-raise-threshold-for-palm-oil-windfall-levy-next-year-financial-post.md) | +1.9% | -0.1% |
| PALMOIL | 2020-08-01 | [MPOC: Palm oil price outlook revised higher](https://feedsoft.ai/events/52204-mpoc-palm-oil-price-outlook-revised-higher.md) | +9.8% | +8.6% |
| PALMOIL | 2019-11-21 | [MPI and MoF in talks for biodiesel stabilisation fund \| Borneo Post Online](https://feedsoft.ai/events/55944-mpi-and-mof-in-talks-for-biodiesel-stabilisation-fund-borneo-post-online.md) | 0.0% | +9.3% |
| SBO | 2020-08-01 | [MPOC: Palm oil price outlook revised higher](https://feedsoft.ai/events/52204-mpoc-palm-oil-price-outlook-revised-higher.md) | +1.4% | +8.0% |
| SBO | 2016-11-26 | [US’ new biofuel mandate boon to M’sia’s plantation sector \| Borneo Post Online](https://feedsoft.ai/events/73930-us-new-biofuel-mandate-boon-to-m-sia-s-plantation-sector-borneo-post-online.md) | +2.3% | -5.6% |
| SBO | 2024-08-27 | [Palm oil extends gains on Indonesia supply outlook, biodiesel plan - Markets - Business Recorder](https://feedsoft.ai/events/28871-palm-oil-extends-gains-on-indonesia-supply-outlook-biodiesel-plan-markets.md) | +2.0% | +1.6% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2016/11/30/mpob-expects-brighter-outlook-for-palm-oil-next-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.