Market for palm oil set to explode on biofuels growth

Read the full post at Biopact.

Despite rising criticism by Euro-MP’s and environmentalists on the environmental damages brought about by oil palm plantations (earlier post), there are no international rules or barriers on producing and trading the green gold. Palm oil is the most competitive biodiesel feedstock, and survives oil prices as low as US$50/55. This is why palm oil futures in Malaysia, the world’s biggest supplier of the commodity, are set to explode, according to Thomas Mielke, editor-in-chief of Oil World.

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