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Malaysia's primary industries minister said the sixth CPOPC ministerial meeting in Jakarta on February 28 will address trade policy, sustainable production and smallholder development. Officials said biodiesel blending under the B7 and B10 programmes is helping reduce a palm oil stockpile above three million tonnes.
Expanded biodiesel blending absorbs surplus palm oil, which supports crude palm oil prices and could ease the stockpile overhang.
malaysiakini.comBernamaJan 28, 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.
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.
