# New Malaysian plantations minister challenged to find new markets for palm oil  : The Daily Digest

> Malaysia's palm oil industry hopes its new plantations minister will push a stronger biodiesel agenda, including rolling out the planned but unimplemented B10 mandate. Industry players also point to higher minimum wages that could raise CPO prices relative to Indonesia.

- Date: 2018-07-10 · published 2018-07-10T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63908-new-malaysian-plantations-minister-challenged-to-find-new-markets-for-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A firmer domestic biodiesel mandate would add demand for CPO and could offset export competitiveness concerns, but the mandate is not yet implemented, so the near-term price effect is limited.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-03-30 | [Plantation Ministry: No plan to regulate price of Malaysian palm oil as govt-controlled product  \| Malay Mail](https://feedsoft.ai/events/36958-plantation-ministry-no-plan-to-regulate-price-of-malaysian-palm-oil-as-govt.md) | -1.1% | -4.0% |
| PALMOIL | 2020-03-09 | [Palm oil players to keep an eye on new ministry’s policy - Focus Malaysia](https://feedsoft.ai/events/54017-palm-oil-players-to-keep-an-eye-on-new-ministry-s-policy-focus-malaysia.md) | -6.5% | -12.1% |
| PALMOIL | 2018-09-09 | [Palm Oil News - CEC Suggested to Improve the Palm oil Plantation Governance](https://feedsoft.ai/events/62899-palm-oil-news-cec-suggested-to-improve-the-palm-oil-plantation-governance.md) | -1.2% | -2.4% |
| PALMOIL | 2022-04-28 | [Malaysia able to meet global demand for palm oil following Indonesia’s export ban, says minister \| Malay Mail](https://feedsoft.ai/events/15831-malaysia-able-to-meet-global-demand-for-palm-oil-following-indonesia-s-export.md) | +8.6% | -1.2% |
| PALMOIL | 2023-06-08 | [Indonesia, Malaysia aim to fight 'discrimination' against palm oil](https://feedsoft.ai/events/35529-indonesia-malaysia-aim-to-fight-discrimination-against-palm-oil.md) | +2.1% | +14.6% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/new-malaysian-plantations-minister-challenged-to-find-new-markets-for-palm-oil/

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