Malaysia’s biodiesel blend to increase to 7% in November

In Malaysia, the biodiesel blend will jump to 7% from the current 5% in November. Domestic palm oil prices have fallen 20% this year due to oversupplies. National palm oil consumption to boost to 575,000 metric tons per year upon implementation of the B7 policy. The country is also exploring boosting the blend to 10% but a timeline for such a move hasn’t yet been set.