# Palm oil-based biodiesel exports to China and EU surge in first…

> Palm methyl ester exports from Indonesia and Malaysia rose more than 30% in the first quarter of 2019 to about 145,000 tonnes, driven by Chinese and European buying. The widening gap between palm oil and Brent crude supported the trend.

- Date: 2019-04-15 · published 2019-04-15T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59478-palm-oil-based-biodiesel-exports-to-china-and-eu-surge-in-first
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger biodiesel export demand supports palm oil prices, while the EU cap on palm biofuel limits how far the gain can extend.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-17 | [Palm Oil News - CPO Exports to China and Bangladesh Increased](https://feedsoft.ai/events/67571-palm-oil-news-cpo-exports-to-china-and-bangladesh-increased.md) | -0.9% | +3.6% |
| PALMOIL | 2021-02-08 | [Indonesia: Government restricts the export of palm oil-based biodiesel products - Global Trade Alert](https://feedsoft.ai/events/48505-indonesia-government-restricts-the-export-of-palm-oil-based-biodiesel-products.md) | +4.0% | +14.2% |
| PALMOIL | 2019-10-29 | [As India, EU may increase duties, Indonesia eyes China for palm oil export](https://feedsoft.ai/events/56447-as-india-eu-may-increase-duties-indonesia-eyes-china-for-palm-oil-export.md) | +13.0% | +17.4% |
| PALMOIL | 2020-09-20 | [Indonesia’s palm oil exports rise on higher shipments to China \| Air Freight News](https://feedsoft.ai/events/51202-indonesia-s-palm-oil-exports-rise-on-higher-shipments-to-china-air-freight-news.md) | -3.1% | -2.9% |
| PALMOIL | 2022-05-24 | [Brazil’s Soybean Oil Exports Offset Biodiesel Fall \| CZ app](https://feedsoft.ai/events/41480-brazil-s-soybean-oil-exports-offset-biodiesel-fall-cz-app.md) | +0.7% | -14.0% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/palm-oil-based-biodiesel-exports-to-china-and-eu-surge-in-first-quarter-201

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