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USDA's biofuels annual report projects Malaysia's 2024 biodiesel exports at 810 million liters, a five-year high. Biodiesel production is unchanged at 1,580 million liters, held back by the B10 blending rate.
Domestic consumption is forecast to dip 0.3% after removal of blanket subsidies.
Stronger Malaysian biodiesel exports to the EU and elsewhere absorb palm-based feedstock, modestly supporting palm oil demand, though stable output limits the price effect.
spglobal.comChau kit BoeyNov 26, 2024After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
