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Malaysia is preparing to raise its biodiesel blend from B7 to B10, and the Malaysian Palm Oil Board took media on a 1,000 km test drive with B10 fuel in Borneo. The board then arranged a trip to Indonesia to show how that country's B20 program has operated.
The article notes that Indonesia has already moved beyond Malaysia's blend level.
A move from B7 to B10 would add palm-based biodiesel demand in Malaysia and support palm oil prices. The regional push toward higher blends is a steady source of demand.
dsf.mySubhash NairMay 10, 2017After 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.
