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Southeast Asian biodiesel output has grown quickly, with Malaysia expected to produce 900,000 tonnes in 2017 and Indonesia around 3.5 million tonnes. Malaysian biodiesel plants run under 25% utilisation at current oil prices, and an industry official says Indonesia's B20 mandate adds roughly 3 million tonnes of demand.
Biodiesel mandates are a major palm oil demand driver, but low utilisation and weak crude prices limit the pull on palm oil supply.
asiantrucker.comKlaus FuchsJul 10, 2017After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% 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.
