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The Malaysian Biodiesel Association expects Malaysia's 2022 biodiesel exports to fall to 250,000 tons from 300,000 tons, the lowest in five years. The decline follows the EU's plan to phase out palm-based biofuels by 2030 over deforestation concerns.
Lower EU demand for palm biodiesel reduces export outlets for Malaysian palm oil, which weighs on prices.
hydrocarbonprocessing.comJan 14, 2022After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
