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Malaysia's Primary Industries Minister Teresa Kok said at least 50% of the crude palm oil windfall tax will go to a biodiesel stabilisation fund expected to be set up in Q1 2020. She also said 62.4% of Malaysian oil palm area was MSPO-certified as of January 6.
Earmarking windfall levy revenue for biodiesel supports domestic biodiesel demand, a supportive factor for palm oil, though the fund's size and timing remain uncertain.
malaymail.comJan 7, 2020After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
