Biodiesel Activity

A perfect storm appears to be brewing for palm oil/biodiesel in Malaysia/Indonesia.  The value of the local Malaysian currency, the ringgit, is under pressure, which makes Malaysian exports more attractive to the rest of the world. Combine this with strong palm oil export activity and analyst growing consensus that this year’s El Nino effect will be strong, and the market sees the potential that the brakes are being applied to growing domestic…