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The USDA forecasts Malaysia's 2021 biodiesel output will fall 16% to 1.05 billion litres, with exports down 23.5%. Record-high crude palm oil prices have kept the palm oil-gasoil spread wide, making exports more attractive than domestic blending.
Kuala Lumpur also delayed its nationwide B20 rollout due to subsidy costs.
Lower biodiesel use removes palm oil demand from the domestic feedstock market, which is bearish for crude palm oil prices. Weaker biodiesel demand also signals limited support from mandates.
在过去 96 次看跌的报告事件之后,棕榈油 在 5 个交易日内中位数变动 -0.1%(48% 上涨;中间一半区间为 -1.3% 至 +1.6%),20 个交易日内为 -0.9%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。