date:Jun 23, 2014
l for blending into biodiesel to feed demand in eastern Indonesian provinces was due to be issued by April but has so far not been issued. Analysts said the slower-than-predicted take up would be negative for palm oil prices, but the market was currently focusing on the prospect of drier weather from an expected El Nino weather event and higher crude oil prices.
Rising crude oil prices helped the benchmark September palm oil contract to a three week high at 2,477 ringgit ($770) in early Thursd