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Indonesia, the world’s biggest producer of palm oil, will not accept an EU plan to curb the use of crops that cause deforestation, and argued that its higher production yield made it better placed to meet global demand, a senior Indonesian official said. A European Union draft due to come into effect after four weeks of public consultation, concluded that palm oil cultivation results in deforestation and its usage in transportation fuel should be phased out by 2030.

There is legitimate concern that the Malaysian economy will slip into slower growth mode. The global economic outlook is not terribly promising.

Malaysia’s uptake of crude palm oil (CPO) could increase to 1.3 million tonnes per annum by increasing the blending percentage of biodiesel from B10 to B20 as well as rolling-out the B10 mandate for industrial diesel use, said Primary Industries Minister Teresa Kok

Malaysia is mulling over establishing a fund to help contain price fluctuations of biodiesel, to ensure the fuel remains attractive to domestic consumers, said Primary Industries Minister Teresa Kok.

Malaysia’s economy probably grew faster in the fourth quarter (4Q) with exports and private consumption helping to snap four quarters of slowing growth, a Reuters poll showed.

Eight Argentine biodiesel producers will be allowed to export to the European Union without paying duties as long as they sell at a set minimum price, the EU’s Official Journal said.

Singapore stocks climbed in line with Asian peers on Wednesday, lifted by the possibility that Washington and Beijing might reach an agreement in trade talks, while other regional markets flitted in a flat-to-lower range after paring early gains.

Global Market Insights, Inc. add New Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market report provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Angel Commodities' report on Crude Palm oil. MCX CPO slipped to 2-week low on Tuesday due to technical correction and tracking weakness in Malaysia palm oil prices.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 13

Palm oil stocks are expected to continue to decline in February after falling 6.7% month-on-month (m-o-m) in January on the back of a recovery in exports and higher consumption.

The ringgit was higher against the greenback early Wednesday with investors confident that the new round of US-China trade discussions which begin tomorrow would yield a positive outcome, said a dealer.