◂ Event Timeline

Mar 23, 2021POLICYMalaysia

Malaysia's biodiesel exports in 2021 seen falling to four-year low

The Malaysian Biodiesel Association expects Malaysia's 2021 biodiesel exports to fall to 350,000 tonnes from 378,582 tonnes in 2020. The European Union accounts for nearly 80% of regional palm methyl ester exports.

WHY IT MATTERS

Lower biodiesel export demand from the EU reduces palm oil use, a mildly bearish factor for palm oil prices.

AFFECTSPalm Oil▼

SOURCE
reuters.comMei Mei ChuMar 23, 2021

Price reaction & history

Palm Oil▼bearishSO FAR1d +0.7%5d -0.5%20d -2.8%

After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.

Jan 14, 2022Malaysia's biodiesel exports to fall to 5-year low+2.5%
Jul 19, 2017Malaysia to export excess biodiesel products - The Malaysian Reserve+1.4%
May 20, 2022Malaysia to reduce palm oil export tax, biodiesel mandate+2.6%
Feb 24, 2025Malaysia rules out raising palm oil's biodiesel blend to 20%-0.7%
Nov 26, 2018Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy | The Star-0.5%

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.

Palm Oil PALMOIL · GP ▸

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