Archived News

25/11/2024 (Business World) - The edible oil industry body has once again requested the government to reconsider resuming futures trading in internationally traded commodities like crude palm oil and crude soybean oil.

25/11/2024 (Reuters) - Rapeseed and mustard planting in India is set to drop despite higher prices, as above-average temperatures during the sowing season prompt farmers to switch to crops less affected by heat and which offer equally good returns, industry officials told Reuters.

25/11/2024 (The Star), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a bullish bias this week, driven by potential bargain-buying activity after the recent selldown, a dealer says.

24/11/2024 (ANTARA), Pelalawan, Riau - The Environment Ministry is currently preparing regulations related to the utilization of methane from palm oil industry waste, including government incentives and disincentives in its implementation, to support the carbon trading climate in the country.

25/11/2024 (Times of India), Ahmedabad - The edible oil prices rose significantly over the past three months under the influence of international market conditions and a rise in duties, according to industry experts. All varieties of edible oils witnessed an increase exceeding Rs 100 per 15 kg during the previous month, with palm oil prices reaching close to that of cottonseed oil for the first time.

25/11/2024 (The Edge Malaysia) - Today’s consumers are increasingly aware of how the choices they make may have an impact on the world they live in. Concerned about their health as well as the potential environmental and social consequences of their purchases, these advocates of change actively seek out food products that align with their values. This growing awareness has led to rising demand for sustainably produced palm oil.

23/11/2024 (The North Africa Post) - Libya has been elected to chair the International Olive Council (IOC), formerly the International Olive Oil Council, for a one-year term.

21/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, pressured by expectations of weaker domestic demand, according to market sources.

22/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed lower for a second consecutive session on Thursday, as fears of US tariffs imposed on China and muted demand for palm sparked a sell-off in the vegetable oils market.

21/11/2024 (Bernama), Kuala Lumpur - BMI, a Fitch Solutions company, has forecast an annual average palm oil price of RM3,900 per tonne in 2025, down from an estimated RM4,050 per tonne in 2024.

21/11/2024 (ANTARA), Jakarta - The Industry Ministry stated that the palm oil processing industry helped to improve productive business activities, especially in the remote, frontier, and outermost (3T) areas.

21/11/2024 (Biodiesel Magazine) - The Iowa Biodiesel Board is celebrating a milestone in the adoption of biodiesel blends, with sales in 2023 reaching 486.5 million gallons, nearly tripling from the 160.8 million gallons recorded in 2007. The news comes from the state’s new Biofuel Tax Credits Program Evaluation Study, published by the Iowa Department of Revenue.