Loading…
Malaysia plans to raise the palm oil content of transport biodiesel to 20% in 2020 and industrial biofuel to 10% next year, from a 7% quota starting July. Palm oil use in biofuels is expected to reach 1.3 million tonnes annually, and a biofuel price stabilisation fund is proposed.
A higher biodiesel mandate removes palm oil from the food and export market, tightening supply and supporting prices. The stabilisation fund would keep biodiesel viable when palm prices rise.
malaymail.comFeb 13, 2019After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
