Malaysian biodiesel exports seen at five-year low in 2022 due to EU policy

In Malaysia, Reuters reports the country’s biodiesel exports are expected to fall to their lowest in five years in 2022 due to the European Union’s phasing out of palm oil-based biofuels at just 250,000 metric tons. Exports last year were 300,000 tons. With the European Commission expecting biofuel use to fall by 2031, the situation isn’t likely to improve for palm oil producers even if a trade solution was found between the EU and Malaysia over the controversial policy shift away from palm oil.