# Kok: No objection from Putrajaya on biodiesel stabilisation fund

> 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.

- Date: 2019-11-22 · published 2019-11-22T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/55946-kok-no-objection-from-putrajaya-on-biodiesel-stabilisation-fund
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Progress toward a fund that subsidises biodiesel blending supports palm oil demand from the fuel sector, which tends to be supportive for CPO prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-11-21 | [MPI and MoF in talks for biodiesel stabilisation fund \| Borneo Post Online](https://feedsoft.ai/events/55944-mpi-and-mof-in-talks-for-biodiesel-stabilisation-fund-borneo-post-online.md) | 0.0% | +9.3% |
| PALMOIL | 2017-03-07 | [Malaysia’s biodiesel production to rebound this year \| The Star](https://feedsoft.ai/events/71877-malaysia-s-biodiesel-production-to-rebound-this-year-the-star.md) | -4.1% | -7.2% |
| PALMOIL | 2016-11-25 | [Palm oil demand from Indonesia biodiesel sector to surge by 2020](https://feedsoft.ai/events/73756-palm-oil-demand-from-indonesia-biodiesel-sector-to-surge-by-2020.md) | +3.8% | +5.0% |
| PALMOIL | 2018-05-24 | [Indonesia plans to roll out 25pct biodiesel rule from 2019 \| The Star](https://feedsoft.ai/events/64888-indonesia-plans-to-roll-out-25pct-biodiesel-rule-from-2019-the-star.md) | -0.4% | -5.4% |
| PALMOIL | 2018-09-14 | [Cabinet paper on B10 biodiesel to be tabled by year-end](https://feedsoft.ai/events/62901-cabinet-paper-on-b10-biodiesel-to-be-tabled-by-year-end.md) | -2.2% | -3.6% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/11/22/kok-no-objection-from-putrajaya-on-biodiesel-stabilisation-fund/

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