# Narrow POGO spread to boost Asia palm biofuel blending: traders

> Traders say a narrowing spread between palm oil and gasoil is making palm-based biodiesel more economic. The spread change could encourage higher biodiesel output in Indonesia and Malaysia and support domestic blending mandates.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: market · region Indonesia, Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15639-narrow-pogo-spread-to-boost-asia-palm-biofuel-blending-traders
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

More palm oil diverted into biodiesel tightens edible vegetable oil supply, which is supportive for palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- qcintel.com: https://www.qcintel.com/biofuels/article/narrow-pogo-spread-to-boost-asia-palm-biofuel-blending-traders-26316.html

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