# China’s biofuel demand to boost palm oil

> Shipments of palm-based biodiesel (PME) from Southeast Asia rose in the first quarter as Brent crude climbed 27% while palm oil stayed flat. China and Europe are buying, and palm oil stocks in Malaysia remain high.

- Date: 2019-04-01 · published 2019-04-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59473-china-s-biofuel-demand-to-boost-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A wide discount of palm oil to diesel supports biodiesel demand and offers a floor for palm prices, though high inventories limit gains.

## Read by commodity

- BRENT: neutral
- PALMOIL: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/04/01/chinas-biofuel-demand-to-boost-palm-oil/

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