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Malaysia's government has set up a four-ministry committee to devise a mechanism for controlling the price of B20 biodiesel. The committee was discussed at a Cabinet meeting, and the stated goal is to boost domestic biodiesel usage.
A price-control or stabilisation mechanism for biodiesel would aim to limit the pass-through of high CPO prices into fuel, which could sustain domestic palm oil demand for biodiesel. The outcome remains undetermined, so the price effect is uncertain.
thestar.com.myN. TRISHAJun 13, 2019After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
