Felda Global Ventures says new B7 policies will curb CPO dumping

In Malaysia, Felda Global Ventures says the new B7 policy implemented June 1 will help the country stop dumping crude palm oil on the market and will bring stability to prices. As a result of the policy, the company expects domestic demand to increase by 40%. Low oil prices have weighed heavily upon the country’s biodiesel industry but this new shot in the arm to producers should help increase demand.