Malaysia to implement B10 by October, boosting palm oil prices and vexing BMW

In Malaysia, the country’s B10 policy is expected to come online in October, up from the current 7% blending mandate. Total crude palm oil consumption should reach about 1 million metric tons annually with the higher blend, compared to about 700,000 tons now. Palm oil futures prices rose to a 3-month high on the news. The MD of BMW in Malaysia however has said the company has come across technical problems with running 10% crude palm oil-based biodiesel.