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Malaysia's 2017 biodiesel output is expected to be roughly flat with 2016 at about half a million tonnes, according to the Malaysian Biodiesel Association. Forecasts were revised down because delays have pushed back higher B10 and B7 mandates.
Without the higher blending mandates, less palm oil is absorbed domestically, leaving more supply for export and stocks. This is mildly bearish for palm oil prices.
biofuels-news.comBiofuels Int @biofuelsmagAug 7, 2017After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
