# Palm Oil Monitor Weekly Update – 22nd August 2019 - Palm Oil Monitor

> Malaysian Prime Minister Mahathir asked the UK to negotiate a free trade agreement after Brexit that treats palm oil more favorably in renewable fuel policy. The UK's future biodiesel market is seen as important by EU rapeseed, US soybean and palm oil producers.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: policy · region UK · magnitude low
- Page: https://feedsoft.ai/events/57468-palm-oil-monitor-weekly-update-22nd-august-2019-palm-oil-monitor
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A possible UK market opening for palm-based biofuel would add future demand, but the outcome is uncertain and far off, so the price effect is minimal today.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-05-04 | [Palm Oil Monitor - Weekly Update 4th May 2018 - Palm Oil Monitor](https://feedsoft.ai/events/65042-palm-oil-monitor-weekly-update-4th-may-2018-palm-oil-monitor.md) | +1.6% | +3.4% |
| PALMOIL | 2018-05-14 | [Palm Oil Monitor – Weekly Update 14th May - Palm Oil Monitor](https://feedsoft.ai/events/65118-palm-oil-monitor-weekly-update-14th-may-palm-oil-monitor.md) | +1.4% | -1.1% |
| PALMOIL | 2018-09-24 | [Palm Oil Monitor – Weekly Update 24th September 2018 - Palm Oil Monitor](https://feedsoft.ai/events/63048-palm-oil-monitor-weekly-update-24th-september-2018-palm-oil-monitor.md) | +0.4% | -0.0% |
| PALMOIL | 2018-09-13 | [Palm Oil Monitor - Weekly Update 13th September - Palm Oil Monitor](https://feedsoft.ai/events/63049-palm-oil-monitor-weekly-update-13th-september-palm-oil-monitor.md) | -1.7% | -2.6% |
| PALMOIL | 2022-07-19 | [Wee: Govt will monitor developments in palm oil industry](https://feedsoft.ai/events/15810-wee-govt-will-monitor-developments-in-palm-oil-industry.md) | -2.7% | +1.9% |

## Sources

- palmoilmonitor.org: https://palmoilmonitor.org/2019/08/22/palm-oil-monitor-weekly-update-22nd-august-2019/

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