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Malaysian senator Lim Pay Hen urged the government to speed up the B10 to B15 biodiesel upgrade to keep Malaysia central to palm oil pricing. He said Indonesia's plan to launch its own CPO benchmark price in June threatens Malaysia's position.
Malaysia's B30 target for 2025 has already been delayed.
A faster Malaysian biodiesel mandate would add domestic palm oil demand, while a rival Indonesian benchmark could shift price discovery. Both points affect the palm oil price outlook, though the policy is not yet confirmed.
carsifu.myApr 3, 2023After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
