PTT buys 100,000 tons of palm oil for biodiesel to help use up Thai surplus

In Thailand, the Bangkok Post reports that PTT will buy 100,000 metric tons of palm oil for biodiesel feedstock in an effort to help eat into the country’s 400,000-ton surplus. Normally the country has stocks of around 250,000 tons while this year’s production could be half a million tons higher than normal. Last year’s production also left a half million-ton surplus but boosting biodiesel blending to 20% didn’t reduce the surplus as much as hoped.

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