Malaysia postpones B10 implementation and palm oil futures drop

June 20, 2016 |

In Malaysia, the government said it would likely delay implementation of its B10 blending mandate to August rather than July which in turn weighed heavily on palm oil prices due to the lack of expected demand that has already been priced into the futures market. Prices fell by more than 2% on Monday following the news, falling after Friday’s rise that was the first in nine consecutive trading days. The current blending mandate is at 7%.

Category: Fuels

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