Malaysia’s biodiesel output, exports set to hit records

After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.

• Jul 26, 2019Malaysia 2019 biodiesel output, exports seen at record highs+3.4%
• Mar 7, 2017Malaysia’s biodiesel production to rebound this year | The Star-4.1%
• Feb 3, 2020Indonesia biodiesel group says more capacity in 2020 could help exports | The Star-5.6%
• Feb 6, 2020Indonesia’s biodiesel thirst may weaken palm oil exports-2.7%
• May 24, 2018Indonesia plans to roll out 25pct biodiesel rule from 2019 | The Star-0.4%

After 187 past neutral policy events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• Jul 19, 2017Malaysia to export excess biodiesel products - The Malaysian Reserve+3.0%
• Mar 8, 2017Malaysian Biodiesel Association - Higher biodiesel production-10.3%
• Nov 27, 2018Malaysia’s biodiesel plan faces uphill struggle as crude slumps+2.8%
• Oct 1, 2026Palm oil prices seen capped by Malaysian stocks despite El Niño outlook, top analyst says | The Star-2.3%
• Dec 3, 2020OPEC, Russia to nudge up oil output after hit from pandemic | The Seattle Times+0.5%