CPO planters kept at 'market weight' on stronger biodiesel demand from Indonesia, Malaysia: UOB

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SINGAPORE (April 8): Indonesia and Malaysia plans to boost biodiesel mandates for domestic consumption to blunt the impact from unfavourable trade barriers on palm oil.

The higher mandates are expected to absorb a total biodiesel consumption of 8.7 million tonnes this year, up 35% from last.

The additional domestic demand will be in time to mitigate the impact of EU reducing usage of palm oil-based biofuel, says UOB KayHian which is maintaining its “market weight” on the sector... (Click here to read the full story)