nfl newbie, page-8

Excise applies to sales within Australia but not export. The bigger issue is, as with any commodity, the margin between feedstock and refined product. Whilst the margin has widened recently due to a fall in the palm oil price, my concern is that relying on a long term fall in feedstock price is risky. It is worse outlook in ethanol than biodiesel. I think NFL will post a loss just slightly greater than forecast