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MARKET DEVELOPMENT  
  15-01-2008

Indonesia to switch 10 pct petroleum to biofuel

15/01/2008(ANTARA News), Jakarta - Indonesia plans to substitute around 10 percent of its fossil fuel transport consumption with biofuel products by 2010, a senior government official said on Monday.

MARKET DEVELOPMENT  
  15-01-2008

Cooking palm oil prices may be capped

15/01/2008 (The Bangkok Post) - The Commerce Ministry yesterday threatened to set a ceiling for retail prices of cooking palm oil if it found traders were hoarding the product.

MARKET DEVELOPMENT  
  15-01-2008

Imports could stall price hike

12/01/2008 (The Bangkok Post) - The government plans to import 60,000 tonnes of crude palm oil to solve a supply shortage and hopes the measure will have a positive psychological effect on the industry.

MARKET DEVELOPMENT  
  15-01-2008

MPOB likely to introduce palm oil-blended diesel

14/01/2008 (My Iris) - Malaysian Palm Oil Board (MPOB) is likely to launch palm oil-blended diesel in the local market this year to save the domestic bio fuel industry.

MARKET DEVELOPMENT  
  15-01-2008

Malaysia may launch palm diesel in \'08: MPOB chief

14/01/2008 (Reuters), Kuala Lumpur - Malaysia is likely to introduce palm oil-blended diesel in the local market this year to save the domestic biofuel industry, which has been hit by soaring feedstock prices, a top industry official said on Monday.

MARKET DEVELOPMENT  
  15-01-2008

Asian biodiesel plants sit idle as costs soar

14/01/2008 (Reuters) - For many of southeast Asia's struggling biofuel makers, the global debate over using crops for food or as transport fuel is irrelevant -- a surge in palm oil prices has brought the industry to a standstill.

MARKET DEVELOPMENT  
  15-01-2008

Indonesia to switch 10 pct petroleum to biofuel

14/01/2008 (Reuters), Jakarta - Indonesia plans to substitute around 10 percent of its fossil fuel transport consumption with biofuel products by 2010, a senior government official said on Monday.

MARKET DEVELOPMENT  
  15-01-2008

Indonesia seeks to nearly double biodiesel output

14/01/2008 (Reuters) - Indonesian palm oil-based biodiesel output is expected to nearly double to 1.3 million tonnes this year on expected strong demand in the overseas market, a senior industry official said on Monday.

MARKET DEVELOPMENT  
  15-01-2008

Europe May Ban Imports of Some Biofuel Crops

14/01/2008 (The New York Times), Paris - In a sign of shifting attitudes toward biofuels, officials of the European Union are proposing to ban imports of certain fuel crops whose production could do more harm than good in fighting climate change, according to a draft law seen Monday.

MARKET DEVELOPMENT  
  15-01-2008

Royal Society: UK gov needs to grow a biofuels policy

14/01/2008 (The Register) - The British government must set policies to ensure that the current drive towards biofuels does not make a bad situation even worse.

MARKET DEVELOPMENT  
  15-01-2008

Biofuels \'are not a magic bullet\'

14/01/2008 (BBC News) - Biofuels may play a role in curbing climate change, says Britain's Royal Society, but may create environmental problems unless implemented with care.

MARKET DEVELOPMENT  
  15-01-2008

Are We Too Dependent On Cooking With Oil?

14/01/2008 (Bernama), Kuala Lumpur - The recent scarcity of palm- based cooking oil in supermarkets had driven Malaysians into a frenzy of panic-buying and hoarding.