# Malaysia's 2024 biodiesel exports projected to hit five-year high amid stable production: USDA | S&P Global

> 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.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15608-malaysia-s-2024-biodiesel-exports-projected-to-hit-five-year-high-amid-stable
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-07-22 | [US renewable diesel capacity projected to hit 5.1 billion gallons per year by 2024](https://feedsoft.ai/events/45934-us-renewable-diesel-capacity-projected-to-hit-5-1-billion-gallons-per-year-by.md) | +1.4% | +6.9% |
| PALMOIL | 2022-12-20 | [USDA lowers 2022/23 global oilseed production forecast by 1M tonnes](https://feedsoft.ai/events/38366-usda-lowers-2022-23-global-oilseed-production-forecast-by-1m-tonnes.md) | +0.6% | +1.7% |
| PALMOIL | 2022-12-07 | [Indonesia's palm oil exports to hit record high, despite production shortfall - Grain Price News](https://feedsoft.ai/events/15771-indonesia-s-palm-oil-exports-to-hit-record-high-despite-production-shortfall.md) | -4.9% | -0.3% |
| PALMOIL | 2020-08-05 | [Malaysia July-end palm oil stocks expected to hit three-year low \| KLSE Screener](https://feedsoft.ai/events/6794-malaysia-july-end-palm-oil-stocks-expected-to-hit-three-year-low-klse-screener.md) | -2.9% | +2.7% |
| PALMOIL | 2023-02-05 | [Indonesia’s crude palm oil exports to drop further as more palm oil goes to biodiesel - Opinion](https://feedsoft.ai/events/15758-indonesia-s-crude-palm-oil-exports-to-drop-further-as-more-palm-oil-goes-to.md) | +0.8% | +5.9% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/112624-malaysias-2024-biodiesel-exports-projected-to-hit-five-year-high-amid-stable-production-usda

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