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JAKARTA: Indonesia, the world's biggest palm oil producer, is offering incentives to developers of a new 100 percent palm oil-based "green diesel", which the net oil importer hopes can replace costly fuel imports within three years, the country's industry minister said.

KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in more than a week on Tuesday evening, charting a second consecutive session of losses on expectations that production will rise in the coming weeks.

KUALA LUMPUR (July 24): Malaysian palm oil futures fell to their lowest in more than a week on Tuesday evening, charting a second consecutive session of losses, on expectations that production will rise in the coming weeks.

JAKARTA (July 24): Indonesia, the world's biggest palm oil producer, is offering incentives to developers of a new 100% palm oil-based "green diesel", which the net oil importer hopes can replace costly fuel imports within three years, the country's industry minister said.

The fragile eco systems in Buvuma are rich with biodiversity, but currently threatened by oil palm expansions.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday July 24.

BEIJING: In the tense trade war with the United States, China's government has turned to an unlikely weapon: a cartoon bean.

RIO DE JANEIRO: The area planted with soybeans in Brazil for the 2018/2019 season could grow 3 to 5 percent depending on how the world's top soy exporter fares in a U.S.-China trade dispute, an executive at Corteva Agriscience said on Monday.

KUALA LUMPUR: Malaysian palm oil futures declined at the midday break on Monday, in line for a second session of losses in three, on concerns that production could rise in the coming weeks.

Indonesia and Malaysia, the world's two largest palm oil producers and exporters, will work together to counter the European Union's move to phase out the use of the biofuel in transport fuels, their foreign ministers said.

The Roundtable on Sustainable Palm Oil (RSPO) announced last week it would reinstate Nestlé’s membership after the food giant pledged to step up its efforts to comply with RSPO’s guidelines.

SINGAPORE (July 23): Palm oil is biased to retest a resistance at 2,218 ringgit per tonne, a break above which could lead to a gain to the next resistance at 2,249 ringgit.