You are here

Palm oil's premium over gasoil highest in 10 months

Surge threatens to curb use of the commodity in biofuel production

BT_20151205_DNPALM5_2008812.jpg
HIGH AND DRY: Palm oil in Kuala Lumpur cost about US$160 a tonne more than gasoil on ICE Futures Europe on Dec 3, the most expensive since January, data compiled by Bloomberg shows.

Kuala Lumpur

THE El Nino-induced dry weather that's parching fields across South-east Asia has pushed palm oil's premium over gasoil to the highest in 10 months, threatening to curb use of the commodity in biofuel production.

Palm oil in Kuala Lumpur cost about US$160 a tonne more