# Commodities 2021: Asian PME exports to enter new year locked out of Europe by firm feedstock prices

> Palm methyl ester exports from Malaysia and Indonesia are expected to stay weak in the first half of 2021. The palm oil to gasoil spread is at $400-500 per tonne, well above its typical range, which blocks exports to Europe. Indonesia's B30 mandate and Malaysia's planned B20 rollout are expected to lift domestic biodiesel demand.

- Date: 2021-01-04 · published 2021-01-04T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/5002-commodities-2021-asian-pme-exports-to-enter-new-year-locked-out-of-europe-by
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

High feedstock palm prices keep biodiesel uneconomic for export, which shifts palm supply toward domestic use and keeps palm oil prices firm for feed buyers.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-12-23 | [COMMODITIES 2025: Biofuel policies seen boosting POME to top of feedstock price charts \| S&P Global](https://feedsoft.ai/events/27042-commodities-2025-biofuel-policies-seen-boosting-pome-to-top-of-feedstock-price.md) | +1.0% | -9.9% |
| PALMOIL | 2022-09-15 | [European bill passes to ban imports of deforestation-linked commodities](https://feedsoft.ai/events/39604-european-bill-passes-to-ban-imports-of-deforestation-linked-commodities.md) | -1.4% | -6.5% |
| PALMOIL | 2024-09-05 | [Palm Oil News - CPO Reference Price Gets increased in September 2024, Out Fee and Export Duties Would be US$ 142 per Ton](https://feedsoft.ai/events/6164-palm-oil-news-cpo-reference-price-gets-increased-in-september-2024-out-fee-and.md) | +0.4% | +12.0% |
| PALMOIL | 2025-07-31 | [Indonesia confirms refined feedstock export levy hikes and adds duties](https://feedsoft.ai/events/15545-indonesia-confirms-refined-feedstock-export-levy-hikes-and-adds-duties.md) | +1.9% | +5.3% |
| PALMOIL | 2019-01-10 | [Boost to palm oil prices as Indonesian export levies eased \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/60983-boost-to-palm-oil-prices-as-indonesian-export-levies-eased-analysis-and.md) | -0.3% | +7.2% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/010421-commodities-2021-asian-pme-exports-to-enter-new-year-locked-out-of-europe-by-firm-feedstock-prices

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