10/09/2015 (Biofuels Digest) - In Malaysia, the government plans to tackle the problem of oversupplies that are weighing on palm oil prices by encouraging the destruction of old trees and replanting with newer ones, a program set to begin in October.

The move is part of a price stabilization program agreed with Indonesia that also includes the increased blend of palm oil biodiesel in the two countries.

In July, Malaysia’s palm oil stocks reached a whopping 2.27 million metric tons.