PALM oil futures in Malaysia declined yesterday as crude oil traded below US$80 a barrel, reducing the appeal of vegetable oils processed to make biodiesel.
The contract for May delivery lost as much as 1.3 per cent to RM2,597 a metric ton on the Malaysia Derivatives Exchange before ending at RM2,612.
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(The success of the biodiesel fuel industry relies heavily on biodiesel testing <http://www.youtube.com/watch?v=s32Ke2VzrqU>, not only at the production level but at the consumer level, where degraded fuel may cause engine failures. Of major concern to diesel and biodiesel users is the very real possibility that water has contaminated their fuel. (See http://www.youtube.com/watch?v=0YcczdvPyAk). The potential catastrophic impact of this problem is discussed at length in this video at: http://www.youtube.com/watch?v=-lh4qhXc_5s&feature=youtube_gdata.
Fleet Fuel's family of inexpensive biodiesel test kits is just a click away on the internet at:
<http://fleetbiodiesel.com/biodiesel_testing_and_supplies.html>)