# US’ new biofuel mandate boon to M’sia’s plantation sector | Borneo Post Online

> The US EPA's increased biofuel mandate of 19.28 billion gallons for 2017, the highest ever, is lifting soybean oil prices, which rose about 6.8% on CBOT. MIDF Research says palm oil, a substitute for soybean oil, has risen about 1.5% to around RM3,000 per tonne.

- Date: 2016-11-26 · published 2016-11-26T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/73930-us-new-biofuel-mandate-boon-to-m-sia-s-plantation-sector-borneo-post-online
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher US biofuel blending demand for soybean oil pulls substitute vegetable oils like palm oil higher, and tight Malaysian palm stocks support the rally. Higher vegetable oil prices raise the cost of oil-based feed ingredients and reduce the relative value of soybean meal from crush.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-02-20 | [US oil, biofuel groups unite to urge new Trump EPA to boost biofuel mandates \| Reuters](https://feedsoft.ai/events/15141-us-oil-biofuel-groups-unite-to-urge-new-trump-epa-to-boost-biofuel-mandates.md) | -0.2% | -5.0% |
| SBO | 2022-04-26 | [Malaysia's biodiesel group opposes reduction of biofuel mandate](https://feedsoft.ai/events/15828-malaysia-s-biodiesel-group-opposes-reduction-of-biofuel-mandate.md) | -2.4% | -4.2% |
| SBO | 2024-03-25 | [US biofuel feed prices jump on blending plan \| Latest Market News](https://feedsoft.ai/events/31290-us-biofuel-feed-prices-jump-on-blending-plan-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2024-03-25 | [US mandates record-high biofuel use: Update \| Latest Market News](https://feedsoft.ai/events/15233-us-mandates-record-high-biofuel-use-update-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2023-06-26 | [Indonesia's Biofuel Blending Mandate Effects on Palm Oil Supply & Price](https://feedsoft.ai/events/15726-indonesia-s-biofuel-blending-mandate-effects-on-palm-oil-supply-and-price.md) | +3.7% | +16.2% |
| PALMOIL | 2018-01-09 | [Export tax suspension to boost upstream plantation players \| Borneo Post Online](https://feedsoft.ai/events/66873-export-tax-suspension-to-boost-upstream-plantation-players-borneo-post-online.md) | -2.2% | -3.5% |
| PALMOIL | 2019-11-21 | [MPI and MoF in talks for biodiesel stabilisation fund \| Borneo Post Online](https://feedsoft.ai/events/55944-mpi-and-mof-in-talks-for-biodiesel-stabilisation-fund-borneo-post-online.md) | 0.0% | +9.3% |
| PALMOIL | 2017-05-03 | [Greater push for biodiesel in Indonesia, Malaysia \| Borneo Post Online](https://feedsoft.ai/events/70909-greater-push-for-biodiesel-in-indonesia-malaysia-borneo-post-online.md) | +2.2% | +2.1% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2016/11/26/us-new-biofuel-mandate-boon-to-msias-plantation-sector/

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