(automatically updated/inserted from The Big Biofuels Blog)
Palm oil prices crossed the psychological $700/tonne FOB (free on board) Malaysia level to reach a 8-year high, threatening to further squeeze margins for the biodiesel industry, Asian producers said on Monday.
According to a report by my colleague Anu Agarwal in Singapore.
(Disclosure: I work for ICIS. About ICIS)
This was up from $592-595/tonne during the second half of March and was putting a big strain on biodiesel production, said a regional producer, Anu reports.
More (from The Big Biofuels Blog)...
Palm oil prices crossed the psychological $700/tonne FOB (free on board) Malaysia level to reach a 8-year high, threatening to further squeeze margins for the biodiesel industry, Asian producers said on Monday.
According to a report by my colleague Anu Agarwal in Singapore.
(Disclosure: I work for ICIS. About ICIS)
This was up from $592-595/tonne during the second half of March and was putting a big strain on biodiesel production, said a regional producer, Anu reports.
More (from The Big Biofuels Blog)...