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Malaysia targets a 30% biodiesel blend (B30) for heavy land vehicles by 2030, contingent on palm oil-gasoil spreads being economically viable. The energy roadmap also targets 3.5 billion liters of biorefinery capacity and 1.4 GW of biomass power by 2050.
A long-term biodiesel target supports future palm oil demand, but its timing and viability depend on spreads. The near-term price effect is limited.
vespertool.comGehrman KosenkovSep 1, 2023After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
