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Malaysia's Finance Ministry has not objected to the biodiesel stabilisation fund proposed by the Primary Industries Ministry, according to Minister Teresa Kok. The fund would stabilise palm oil and fuel-related costs.
The ministry has also requested that 3% of the windfall tax on palm oil exporters be channelled into it.
Progress toward a fund that subsidises biodiesel blending supports palm oil demand from the fuel sector, which tends to be supportive for CPO prices.
themalaysianreserve.comZukriNov 22, 2019After 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.
