# Bangkok Post - Ministry moves to clear surplus palm oil

> Thailand's Energy Ministry plans to raise the crude palm oil content in biodiesel from 6.6% to 6.8% to absorb a surplus of about 26,000 tonnes. The measure is intended to curb slumping palm oil prices. Refiners and oil traders have been asked to prepare for the change.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/6990-bangkok-post-ministry-moves-to-clear-surplus-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher biodiesel blend mandate adds domestic palm oil demand and can firm local prices. The effect is small relative to the total surplus, so the impact is limited.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-11-01 | 1 | -3.1% | -4.6 | Thailand's surplus of palm oil and its biodiesel blend plan show oversupply and price slump concerns, which feed bearish sentiment, though the 26,000 tonne volume is too small to move the market. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-03-31 | [Export tax freeze to support Malaysian palm oil industry \| Borneo Post Online](https://feedsoft.ai/events/65878-export-tax-freeze-to-support-malaysian-palm-oil-industry-borneo-post-online.md) | +3.4% | -0.1% |
| PALMOIL | 2022-12-19 | [Palm oil industry catalyst](https://feedsoft.ai/events/15770-palm-oil-industry-catalyst.md) | -0.6% | +1.5% |
| PALMOIL | 2025-04-08 | [Indonesia to adjust crude palm oil export tax, finance minister says](https://feedsoft.ai/events/15566-indonesia-to-adjust-crude-palm-oil-export-tax-finance-minister-says.md) | +0.7% | -4.1% |
| PALMOIL | 2019-01-28 | [Ministerial meeting to discuss ways to strengthen oil palm industry \| Malaysiakini](https://feedsoft.ai/events/6970-ministerial-meeting-to-discuss-ways-to-strengthen-oil-palm-industry-malaysiakini.md) | +4.7% | +3.1% |
| PALMOIL | 2018-07-06 | [The EU's war on palm oil will continue - Opinion - The Jakarta Post](https://feedsoft.ai/events/64066-the-eu-s-war-on-palm-oil-will-continue-opinion-the-jakarta-post.md) | -2.9% | -4.8% |

## Sources

- bangkokpost.com: https://www.bangkokpost.com/thailand/general/1568022/ministry-moves-to-clear-surplus-palm-oil

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