Malaysia, Indonesia Plans to Export Palm Oil to China.

Malaysia and Indonesia discuss plans to export crude palm oil (CPO) for biodiesel to China. The two countries discussing the plan to export CPO to China. The latter is seeking to adopt 5% biodiesel blended with petroleum diesel (B5) program. China is eyeing biodiesel as it increases environmental control. The implementation of the B5 program would create a large CPO market. Therefore, Indonesia and Malaysia ought to cooperate to meet China demand. Malaysia wishes to expand biodiesel market to other countries, such as India and the Philippines.