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Biofuelsimon
5th January 2008, 12:01 AM
(automatically updated/inserted from The Big Biofuels Blog)


The FT has noticed that there's a link between oil and palm oil prices (http://www.ft.com/cms/s/7e2b4956-ba37-11dc-abcb-0000779fd2ac,Authorised=false.html?_i_location=htt p%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F7e2b4956-ba37-11dc-abcb-0000779fd2ac%2Cs01%3D1.html&_i_referer=) in a piece in today's edition. In as much of the article that the paper is making free, they say:The prospect of crude oil staying above $100 a barrel is pushing the price of palm oil to record highs as the commodity is increasingly made into biodiesel, an often cheaper alternative to petroleum-based fuels.The benchmark March crude palm oil contract on the Bursa Malaysia derivatives exchange climbed as much as M$77, or 2.5 per cent, to a life-time high of M$3,159 ($956) per tonne before closing at M$3,136 on Thursday. You'll need a subscription to read the rest, (and a bigger line of credit if you're going to start building a biodiesel plant in the next few months using palm oil.)

More (from The Big Biofuels Blog)... (http://www.icis.com/blogs/biofuels/archives/2008/01/the-ft-has-noticed-that-theres.html)