# Biodiesel and new markets boost palm oil price | The Star

> Malaysia's deputy plantation minister said crude palm oil prices rose to RM2,880 per tonne, attributing the gain to the biodiesel programme and new market openings. Fresh fruit bunch prices recovered to about RM540 a tonne from RM260 previously.

- Date: 2020-09-03 · published 2020-09-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51203-biodiesel-and-new-markets-boost-palm-oil-price-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Official attribution of higher prices to biodiesel and new export markets confirms firm palm demand supporting prices, though the comment restates trends already reflected in the market.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2020/09/04/biodiesel-and-new-markets-boost-palm-oil-price

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