# Palm oil to rise to RM2,400 a tonne, on higher biodiesel mandate | New Straits Times

> New Straits Times reported that palm oil prices are expected to rise to RM2,400 per tonne on a higher biodiesel mandate. The article text provided is only a headline with no further detail.

- Date: 2019-03-05 · published 2019-03-05T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/59955-palm-oil-to-rise-to-rm2-400-a-tonne-on-higher-biodiesel-mandate-new-straits
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher Malaysian biodiesel mandate would absorb more palm oil domestically and support prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-11-25 | [Indonesia sticks to its guns on B20 biodiesel, despite rising palm oil prices \| New Straits Times](https://feedsoft.ai/events/73758-indonesia-sticks-to-its-guns-on-b20-biodiesel-despite-rising-palm-oil-prices.md) | +3.8% | +5.0% |
| PALMOIL | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | +1.8% | +0.9% |
| PALMOIL | 2024-10-09 | [Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says](https://feedsoft.ai/events/7766-higher-biodiesel-mandates-in-indonesia-to-curb-palm-oil-supplies-analyst-says.md) | -0.0% | +10.4% |
| PALMOIL | 2021-01-05 | [Higher blending mandate to help offset EU’s lower palm oil demand, says biodiesel association – The European Times](https://feedsoft.ai/events/49041-higher-blending-mandate-to-help-offset-eu-s-lower-palm-oil-demand-says.md) | +1.3% | -10.0% |
| PALMOIL | 2023-05-17 | [Malaysia Says Committed to Raising Palm Oil Biodiesel Mandate](https://feedsoft.ai/events/15734-malaysia-says-committed-to-raising-palm-oil-biodiesel-mandate.md) | -1.4% | -6.4% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/03/466178/palm-oil-rise-rm2400-tonne-higher-biodiesel-mandate

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