14/01/2013 (Bernama) - The government is confident that implementation of the 10 per cent palm biodiesel blending (B10 programme) for the non-subsidised sector will ease the current record high palm oil stock.

Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said implementation of the B10 programme nationwide would further assist removal of crude palm oil stock from the marketplace.

"We expect the full implementation of the B10 programme by end of this year will ease the palm oil stock to a more comfortable level of below two million metric tonnes," he told reporters after opening the Palm Oil Review and Outlook Seminar 2013 here Monday.

The Malaysian Palm Oil Board (MPOB) reported last week that the December 2012 palm oil stock had increased 2.41 per cent from November to 2.63 million tonnes.

Dompok said the government would expedite implementation of the B5 programme nationwide and to improve it to B10.