# Biodiesel is unlikely to be the driving force behind the price of crude palm oil - 杭州铭通电气有限公司

> Industry figures at an Indonesian biofuel conference say biodiesel is unlikely to drive crude palm oil prices, as biodiesel exports to Europe have declined since 2014. Thailand's biodiesel output is falling as domestic inventories drop, and the EU's ban on palm-based biodiesel may reduce palm oil imports, though a full ban is viewed as unrealistic.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/67363-biodiesel-is-unlikely-to-be-the-driving-force-behind-the-price-of-crude-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker biodiesel export demand and a possible EU restriction on palm-based biodiesel would reduce demand for palm oil, a bearish factor for prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-03-12 | [Phasing-out palm oil biodiesel is compatible with WTO due to… \| T&E](https://feedsoft.ai/events/60110-phasing-out-palm-oil-biodiesel-is-compatible-with-wto-due-to-t-and-e.md) | -0.6% | +2.9% |
| 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 | 2025-02-24 | [Malaysia rules out raising palm oil's biodiesel blend to 20%](https://feedsoft.ai/events/15583-malaysia-rules-out-raising-palm-oil-s-biodiesel-blend-to-20.md) | -0.7% | -2.4% |
| PALMOIL | 2020-09-08 | [Indonesia to revamp palm oil levy to support biodiesel programme](https://feedsoft.ai/events/51005-indonesia-to-revamp-palm-oil-levy-to-support-biodiesel-programme.md) | +1.1% | -4.1% |
| 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% |

## Sources

- hzmtdq.com: http://www.hzmtdq.com/en/nd.jsp?id=5

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