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Malaysia's plantation ministry said it will keep its biodiesel mandate unchanged after Indonesia lifted its palm oil export ban. The statement responds to objections from the biodiesel industry over a suggestion to slow biofuel use.
Keeping the biodiesel mandate supports steady palm oil demand for fuel, which limits downside for vegetable oil prices as export supply recovers.
businesstoday.com.myJun 2, 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.
