New Malaysian biodiesel producer offers first spot cargo

In Malaysia, the country’s newest biodiesel producer, Green Edible Oil, has offered for sale its first spot cargo at $880/mt FOB for July loading of 6,000 tons. The offer is at the lower end of the range for non-RED certified biodiesel. The biodiesel itself if not RED certified even though the company is. The facility was commissioned in November and has been selling small quantities to the EU since then.