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Malaysia's change of government is expected to have little impact on the palm oil sector, as 93% of crude palm oil production is exported. The national B20 biodiesel programme could face delays while the new cabinet is appointed.
A possible delay in the B20 mandate would reduce expected domestic palm biodiesel demand, a modest bearish factor for palm oil prices.
themalaysianreserve.comDayang NorazharMar 3, 2020After 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.
