08 May 2007 08:48 [Source: ICIS news]
SINGAPORE (ICIS news)--Malaysian crude palm oil (CPO) front month futures rose to a new eight-year high of ringitt (M$) 2,390/tonne ($701.1) FOB (free on board) Malaysia this week as demand surged ahead of supply, market sources said on Tuesday. ?xml:namespace>
Although July futures have corrected down to M$2240-2250/tonne on ?xml:namespace>
In the physical market, spot CPO prices were pegged at $700/tonne FOB
Increased palm oil exports from
Suggestions in the market that
The Asian biodiesel industry had been hit hard by escalating palm oil prices, regional producers said.
Prices of refined, bleached and deodorised (RBD) olein, the key feedstock for biodiesel in
Asian biodiesel producers are also facing a tough challenge from B99 coming from the
Several biodiesel facilities in
($1 = M$3.41)
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