# Malaysian Crude Palm Oil Seen Up 4pc In 2024 On Biodiesel Demand, Stagnant Output – MPOC

> The Malaysian Palm Oil Council expects Malaysian crude palm oil prices to rise in 2024 as production stagnates while biodiesel demand grows. The council forecasts Malaysian output growth of about 4% for the year.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15676-malaysian-crude-palm-oil-seen-up-4pc-in-2024-on-biodiesel-demand-stagnant
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stagnant supply and rising biodiesel demand support higher palm oil prices and firmer vegetable oil markets for feed buyers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- mpoc.org.my: https://www.mpoc.org.my/malaysian-crude-palm-oil-seen-up-4pc-in-2024-on-biodiesel-demand-stagnant-output/

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