Plans by Malaysia, the world’s largest palm oil producer after Indonesia, to increase consumption in biodiesel may support prices, said Douglas Uggah Embas, Plantation Industries and Commodities Minister. Proposals to implement the B7 program next year will result in annual use of 700,000 metric tons of palm methyl ester, said Embas. The B5 version, which involves blending 5 percent of palm methyl ester with 95 percent of fossil diesel, will be extended nationwide this July, taking demand to 500,000 tons.
http://www.bloomberg.com/news/2014-03-03/malaysia-s-plans-to-boost-biofuel-to-help-palm-price-embas-says.html