Biodiesel programme in Malaysia and Indonesia key to CPO price stability

According to Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas, the full implementation of the B10 biodiesel programme in Malaysia will see domestic annual consumption of palm oil, reaching 1.2 million tonnes.

KUALA LUMPUR: The continuous implementation of the biodiesel programme in Malaysia and Indonesia would be the key to ensure price stability of crude palm oil (CPO) prices for this year.

United Plantations Bhd chief executive director Datuk Carl Bek-Nielsen said he expected CPO prices to trade between RM2,150 and RM2,450 per tonne this year if Indonesia was able to execute its biodiesel programme well.