Palm | Kelapa Sawit

KUALA LUMPUR, Aug 5 (Reuters) - Malaysia plans to use 500,000 tonnes of crude palm oil from its swelling inventories in the next two to three months to produce biodiesel to boost faltering prices of the vegetable oil, Commodities Minister Peter Chin said on Tuesday.

"We are talking about anything in the region of 500,000 tonnes," Peter Chin told Reuters from Indonesia by telephone.

"The timing should depend on the strategy that we use and the infrastructure to absorb this amount but we plan do it as soon as possible. Surely in the next two to three months."