Biofuel demand to drive global palm, soy prices

Palm and soy oil prices are expected to rise in coming months as the world’s appetite for “green” fuel grows and a greater quantity of oils is diverted to meet energy demand, a top industry analyst said on Sunday.

Biofuel plants are sprouting at a dizzying pace as nations from Europe to Asia seek ways to cut dependence on crude oil, curb greenhouse gas emissions and boost agriculture.
Reuters