Palm | Kelapa Sawit

KUALA LUMPUR: Carotech Bhd, one of the largest local producers of palm methyl ester, has inked a RM200mil contract with Trafigura Beheer BV, Amsterdam for the export of its refined and distilled palm biodiesel to the US and Europe.

Managing director David Ho expected the agreement to contribute significantly to the company’s earnings and further strengthen its position as the leading supplier of palm biodiesel in the world. read more...

This is great news to all Malaysian oil palm planters. With Crude Palm Oil (CPO) free falling from about RM4000/mT in March 2008 till RM1472/mT closed on 14th Nov, oil palm planters do need a lot of assurance from the press to keep working on their farm.