06/06/2016 (Bernama) - The government's commitment in enhancing the biodiesel programme will help stabilise the price of crude palm oil (CPO), Felda Global Ventures Holdings Bhd group president and chief executive officer Datuk Zakaria Arshad said.

He said the government's initiative in increasing the blend for the transport sector from B7 to B10 and introducing B7 for the industrial sector was a timely move.

"It was a great stride to introduce B10. It is not only favoured by nature lovers, but also enables Malaysia to reduce its CPO stockpile, thus helps push up its prices.