Malaysian palm oil eyeing US market for 2013

March 5, 2013 |

In Malaysia, palm oil traders see the US as the next big target for palm biodiesel exports thanks to the reintroduction of the biodiesel blending credit and the massive overhang of a bumper palm oil crop. PME is running at about $1,100 per ton while SME is running at $1,200 per ton at the moment. Almost no palm biodiesel entered the US in 2012.

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