# Minister: Govt to intervene in event of steep palm oil, biofuel price hike | Malay Mail

> Malaysian Primary Industries Minister Teresa Kok said the government will intervene if biofuel and palm oil prices rise sharply, possibly by cutting the biodiesel blend as Indonesia has done. She said the current gap between biodiesel and diesel prices is under one sen per litre.

- Date: 2019-04-26 · published 2019-04-26T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59479-minister-govt-to-intervene-in-event-of-steep-palm-oil-biofuel-price-hike-malay
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A possible blend cut would reduce domestic palm biodiesel demand and cap palm oil price increases, a bearish factor for palm oil if prices rally.

## Read by commodity

- DIESEL: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-02-13 | [Minister: Malaysia will retaliate against EU goods in case of palm oil ban](https://feedsoft.ai/events/66372-minister-malaysia-will-retaliate-against-eu-goods-in-case-of-palm-oil-ban.md) | -0.7% | -3.5% |
| PALMOIL | 2019-06-14 | [EU biofuel ruling hits prices of palm and coconut oil \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/58690-eu-biofuel-ruling-hits-prices-of-palm-and-coconut-oil-analysis-and-features-the.md) | +0.5% | -2.1% |
| PALMOIL | 2017-04-04 | [MEPs vote to ban the use of palm oil in biofuels \| Guardian sustainable business \| The Guardian](https://feedsoft.ai/events/71526-meps-vote-to-ban-the-use-of-palm-oil-in-biofuels-guardian-sustainable-business.md) | -2.0% | -2.1% |
| PALMOIL | 2022-05-20 | [Malaysia to reduce palm oil export tax, biodiesel mandate](https://feedsoft.ai/events/15820-malaysia-to-reduce-palm-oil-export-tax-biodiesel-mandate.md) | +2.6% | -7.0% |
| PALMOIL | 2021-08-26 | [Indonesia's biofuel B40 plan expansion at risk on high palm oil prices - Fastmarkets](https://feedsoft.ai/events/45437-indonesia-s-biofuel-b40-plan-expansion-at-risk-on-high-palm-oil-prices.md) | -2.5% | +2.0% |
| DIESEL | 2026-06-01 | [Renewable fuel credit prices hit records on U.S. biofuel mandates, oil market volatility](https://feedsoft.ai/events/18888-renewable-fuel-credit-prices-hit-records-on-u-s-biofuel-mandates-oil-market.md) | +1.7% | -5.9% |
| DIESEL | 2023-01-13 | [Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies](https://feedsoft.ai/events/15761-indonesia-palm-oil-export-curbs-biodiesel-plans-to-hit-world-vegoil-supplies.md) | +7.3% | -11.7% |
| DIESEL | 2020-02-24 | [EPA Renewable Fuel Shift May Increase Cost Of Compliance - Oil, Gas & Electricity - United States](https://feedsoft.ai/events/54470-epa-renewable-fuel-shift-may-increase-cost-of-compliance-oil-gas-and.md) | -11.8% | -39.9% |

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2019/04/26/minister-govt-to-intervene-in-event-of-steep-palm-oil-biofuel-price-hike/1747212

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