Malaysian and Indonesian biodiesel policies seen boosting CPO prices

In Malaysia, RHB Research says that the national biodiesel mandates implemented by Malaysia and Indonesia should go a long way towards stabilizing palm oil prices. Malaysia will boost its biodiesel blend to 7% in December from 5% currently while Indonesian state-owned oil company just finished a tender to purchase 6 million metric tons of biodiesel. That’s good news for Indonesia, who is complaining that anti-dumping tariffs placed on its exports to Europe were calculated unjustly.