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Malaysia will delay its nationwide B20 palm biodiesel mandate to early next year to prioritise COVID-19 economic recovery. Indonesia has also postponed raising its biodiesel blend to 40% and instead raised export levies to fund B30, and palm prices have risen to near-decade highs.
A slower Malaysian biodiesel rollout keeps more palm oil available for food and export uses, which weighs on palm prices, while Indonesia's levy-funded B30 supports domestic demand.
biofuels-news.comBiofuels Int @biofuelsmagFeb 4, 2021After 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.
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.
