Archived News

30/01/2025 (Oils & Fats International) - The European Union (EU) is set to revise its palm oil-based biofuel rules following a ruling by the World Trade Organization (WTO) that part of its Renewable Energy Directive (RED III) unfairly discriminated against Indonesia’s palm oil exports, the Jakarta Globe wrote.

31/01/2025 (The Star)- EFFORTS to divert used cooking oil from drains, such as incentivising hawkers to sell it to recycling companies, have proven environmentally beneficial.

29/01/2025 (The Western Producer) - Demand for canola oil looks strong in the short term and the longer term, says a market analyst from Germany.

27/01/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures ended flat on Monday as weakness in the Chicago soyoil contract and lower export estimates were offset by expectations of a fall in production.

28/01/2025 (The Straits Times), Kuala Lumpur - President Prabowo Subianto was described as a “close friend” by the Malaysian King and a “friend and brother” by Prime Minister Anwar Ibrahim as he made a state visit to Malaysia on Jan 27, the first Asean nation he was visiting since being sworn in as Indonesia’s leader three months ago.

27/01/2025 (Eco-Business) - About one-fifth of global palm oil is certified by the Roundtable on Sustainable Palm Oil, but growth has plateaued. Chief Joseph D’Cruz explains why 100 per cent certification is not the end goal and how it plans to engage China and India.

27/01/2025 (Bernama), Kuala Lumpur – Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday due to expectations of weaker output, said palm oil dealer David Ng.

28/01/2025 (The Global New Light of Myanmar) - The wholesale reference rate of palm oil for the Yangon market slightly decreased to K7,245 per viss for the week ending 2 February 2025, from K7,255 recorded last week ending 26 January, according to the Supervisory Committee on Edible Oil Import and Distribution.

27/01/2025 (Odessa) - One of Kernel's factories, the largest sunflower oil producer in the Ukrainian market, ceased operations due to a shortage of raw materials.

27/01/2025 (Barchart) - The soybean market is pulling back on Monday, with contracts down 7 to 11 cents so far. CmdtyView’s national front month Cash Bean price is down 10 3/4 cents at $9.84 1/4. Soymeal futures were down $4.90/ton, with Soy Oil futures down 27 points on the session.

28/01/2025 (GNLM) - The wholesale reference rate of palm oil for the Yangon market slightly decreased to K7,245 per viss for the week ending 2 February 2025, from K7,255 recorded last week ending 26 January, according to the Supervisory Committee on Edible Oil Import and Distribution.

27/01/2025 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade quietly this week due to the Chinese New Year festivities, according to Interband Group of Companies senior palm oil trader Jim Teh.