| End-of-day quote CME 10:39:34 2022-10-03 am EDT | 5-day change | 1st Jan Change | ||
| 741 USD | +0.07% |
|
-2.25% | -26.42% |
| Apr. 24 | ICE Canada Weekly Outlook : Canola Surprises With Sharp Gains | DJ |
| Apr. 24 | ICE Review : Canola Lower, Ends Rally on Lack of Support From Comparable Oils | DJ |
KUALA LUMPUR (Reuters) - Malaysia plans to double the mix of palm oil in its biodiesel programme by 2020 in a bid to reduce high domestic stockpiles and boost sustainable energy sources, the government said on Thursday.
Primary Industries Minister Teresa Kok said the government intends to increase the amount of palm oil in its biodiesel blend to 20 percent by next year, up from its ongoing B10 programme which mandates palm oil use at 10 percent.
(Reporting by Joseph Sipalan; editing by Richard Pullin)
