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Palm oil-based biodiesel exports to China and EU surge in first quarter 2019

Palm oil-based biodiesel exports to China and EU surge in first quarter 2019

Surging biofuel demand from China and Europe has led to palm methyl ester (PME) exports from Indonesia and Malaysia climbing by more than 30% in the first quarter of this year, the Malaysian Reserve reported on 8 April.The main reason behind the rise was the widening gap between the price of palm oil and Brent crude oil, which had jumped 27% in the first three months of the year, the report said.

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