ITS CPO export down 2% to 783,112 tonnes for the period of 1~20 Feb 2012.
SGS CPO export down 0.6% to 777,728 tonnes for the period of 1~20 Feb 2012.
There is a target for biodiesel use to go nationwide by 2014, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok. The implementation could not be made sooner because there were not enough blending facilities for the alternative fuel. The ministry was studying ways to reduce the amount of regular diesel in biodiesel by increasing the use of palm methylester. “We can increase the use of palm methylester in biodiesel by 10%, 30% or 50% in the future after conducting research,” he said. He also said that the government had no intention on increasing the price of B5, which sold at RM1.80 per litre currently. (The Star)
Crude palm oil (CPO) futures price hit RM3,260 per tonne, the highest in more than eight months but finished short of the intraday high buoyed by higher soy bean prices. China had reportedly purchased a record amount of oilseed from the United States. (StarBiz)
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