Malaysian crude palm oil prices fall back to $500 mark; government to accelerate domestic biodiesel

In Malaysia, crude palm oil prices fell back again to the $500 mark, after recording gains in recent weeks. The Malaysian government pledged to increase CPO demand by moving forward with implementation of the 2007 Biofuels Industry Act and other biodiesel support activities. The national government is set to introduce B5 biodiesel in government vehicles this year and expand the program to a national B5 mandate by 2010.

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