Interesting article from Malaysia is predicting that although Palm Oil prices may rebound to RM3100 to RM3200 in the short term, they will stabilise at RM2600 to RM2800 for the rest of the year.
http://biz.thestar.com.my/news/story.asp?file=/2008/7/31/business/21965828&sec=business
Perhaps after we get some stability in Palm Oil prices we might see some Biodiesel production.