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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Palm oil biofuel to curb oversupply

  • Linda Yulisman

    The Jakarta Post

Jakarta | Thu, January 10 2013 | 11:45 am

PREMIUM Indonesia, the world’s biggest palm oil producer, is mulling a move to produce biofuel to manage abundant local supplies.

Deputy Trade Minister Bayu Krisnamurthi said on Wednesday that the move would become a “fundamental solution” to curb an oversupply of the commodity in the overseas market that, has in part, contributed to falling international prices.

“We are trying to co...