Malaysia's palm oil inventory surged to a four-month high in June, driven by a steeper decline in exports compared to production, the industry regulator said on July 10.
The Indonesian state energy company Pertamina will cooperate with engineering giant JGC Holdings Corporation (JGC) of Japan to turn methane generated in palm oil production into a biofuel.
Malaysia has recently filed a complaint with the World Trade Organisation (WTO) over the European Union (EU)’s rules affecting the consumption of palm oil-based biofuels.
Indonesia’s export volume and value of crude palm oil (CPO) and its derivatives to continue to rise in the next 10 years, predicted Indonesia’s economic analyst Bustanul Arifin.