Palm oil price revival depends on biodiesel scheme


It is envisaged that some 500,000 tonnes of palm oil annually would be taken up from the palm oil stockpile for B5 biodiesel that will be used in the Government

GOING into the second half of the year, many quarters are anticipating the country’s steep palm oil stocks can be reduced considerably – thanks to the nationwide implementation of the B5 biodiesel programme that takes effect this month.

It is envisaged that some 500,000 tonnes of palm oil annually would be taken up from the palm oil stockpile for B5 biodiesel that will be used in the Government’s subsidised and non-subsidised sectors.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Proton sales in May up 35% year-on-year
Ringgit opens weaker as global central banks raise interest rates
HLIB Research neutral on O&G, top picks DNeX, Wah Seong
FBM KLCI retreats in early trade on cautious sentiments
Trading ideas: Sapura Energy, Revenue Group, PRG Holdings
Google AI to power virtual travel agent
Apple buys AR headset startup Mira
North Sea oil producer Harbour Energy in merger talks with Talos
Riyadh’s ‘lollipop’ has not sweetened oil prices
PRG wins RM20mil Singapore jobs

Others Also Read