Loading…
Malaysia's Prime Minister Ismail Sabri Yaakob announced RM6 billion in Chinese investment to produce hydro-treated vegetable oil and sustainable aviation fuel. The project involves Chinese state-owned firms working with Malaysian companies and MPOB, and will create 1,000 jobs.
New HVO and SAF capacity could eventually divert palm-based feedstock toward renewable fuels, but the factories are not yet operating. The near-term price effect is minimal.
nst.com.myNuradzimmah DaimJul 26, 2022After 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.
