# Malaysia's biodiesel group opposes reduction of biofuel mandate

> Malaysia's biodiesel industry group opposes a government proposal to cut the biodiesel palm oil mandate. Malaysia and Indonesia have both said they remain committed to mandates requiring palm oil in biodiesel despite high palm prices linked to the war in Ukraine.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/15828-malaysia-s-biodiesel-group-opposes-reduction-of-biofuel-mandate
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Keeping biodiesel mandates intact sustains structural palm oil demand, supporting palm and soyoil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-03-07 | [Malaysia’s biodiesel production to rebound this year \| The Star](https://feedsoft.ai/events/71877-malaysia-s-biodiesel-production-to-rebound-this-year-the-star.md) | -4.1% | -7.2% |
| PALMOIL | 2023-05-17 | [Malaysia Says Committed to Raising Palm Oil Biodiesel Mandate](https://feedsoft.ai/events/15734-malaysia-says-committed-to-raising-palm-oil-biodiesel-mandate.md) | -1.4% | -6.4% |
| PALMOIL | 2017-03-08 | [Malaysian Biodiesel Association - Higher biodiesel production](https://feedsoft.ai/events/71876-malaysian-biodiesel-association-higher-biodiesel-production.md) | -2.6% | -7.5% |
| PALMOIL | 2021-12-13 | [Malaysia, Chinese firm sign deal on 2nd-generation biodiesel, biojet fuel \| Reuters](https://feedsoft.ai/events/15861-malaysia-chinese-firm-sign-deal-on-2nd-generation-biodiesel-biojet-fuel-reuters.md) | -2.3% | +5.6% |
| PALMOIL | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | +1.8% | +0.9% |
| SBO | 2023-05-17 | [Malaysia Says Committed to Raising Palm Oil Biodiesel Mandate](https://feedsoft.ai/events/15734-malaysia-says-committed-to-raising-palm-oil-biodiesel-mandate.md) | +1.5% | +14.0% |
| SBO | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | -1.3% | +0.1% |
| SBO | 2022-11-15 | [Trade Group Seeks 7-billion-gallon Advanced Biofuel Mandate](https://feedsoft.ai/events/15354-trade-group-seeks-7-billion-gallon-advanced-biofuel-mandate.md) | -5.0% | -13.5% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/malaysias-biodiesel-group-opposes-reduction-biofuel-mandate-2022-04-26/

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