As food commodity prices surge at the fastest pace in a decade, experts are warning that policymakers in Asia and elsewhere will soon have to grapple with urgent questions about the use of biofuels. Countries around the world, from the United States, China, Malaysia and Indonesia all have what is known as a biofuel mandate – where the government requires.
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives for the third month and September 2022 are expected to decline to RM5,000 per tonne and RM4,000 per tonne, respectively, as demand slows down and production picks up, according to Godrej International Trading & Investments Pte Ltd.
Malaysia s biodiesel mandate almost a disgrace , says leading palm oil analyst theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Published on: Saturday, January 09, 2021
By: Bernama
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Win-win: India calls on Malaysia to send its CPO and let India’s refining industry prosper. (Pic: FocusM)
Kuala Lumpur: Malaysian palm oil companies should export crude palm oil (CPO) to India to allow the Indian refining industry to prosper, according to a veteran industry analyst.
Godrej International Trading and Investments Pte Ltd Director Dorab Mistry said Malaysia, the world’s second-largest palm oil producer, should not only see India, the largest consumer of palm oil, as an export destination, but also as an industry partner.
“It took us many years to convince the Malaysian government to go to India as a partner and not strictly as an exporter of palm oil.