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The Malaysian Biodiesel Association expects Malaysia to produce 800,000 to 900,000 tonnes of biodiesel in 2017, up from 500,000 tonnes in 2016, contingent on B10 mandate implementation. Indonesia's output is projected to rise to 3.5 million tonnes from 3 million.
Utilisation is currently under 25% because low oil prices leave plants unprofitable.
Higher biodiesel output in Malaysia and Indonesia adds palm oil demand, which supports palm prices, though the outlook depends on mandate implementation and crude oil levels.
mybiodiesel.org.myAdministratorMar 8, 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.
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.
