Malaysia exploring price stabilization fund for biodiesel

In Malaysia, local press reports that the primary industries minister is contemplating the development of a fund to help stabilize biodiesel prices in an effort to keep the fuel attractive for the domestic market. She said that similar programs in Thailand and Indonesia can serve as models as her ministry as well as those for finance, international trade and the office of the Prime Minister flesh out potential ways forward. This year’s palm oil demand for biofuels is seen at 761,000 metric tons thanks to the B7 blending mandate that kicks off for the industrial sector in June. She said that blending could also be seen going as high as 20% next year for transportation.