Thailand to temporarily cut biodiesel mandate as El Niño hits production

In Thailand, El Niño is taking its told on palm oil production, so much so that the Energy Ministry will seek a reduction in the biodiesel blending mandate to 5% from the current 7%. The reduction is meant to only be temporary until the start of the next harvest. Demand for the lower blend will require 20,000 metric tons less of crude palm oil monthly at 60,000 tons.