Archived News

06/11/2024 (ESD News) - After 20 years of research, Essential Energy has proven that vegetable oil isn’t just for frying chips - it’s also for insulating transformers.

04/11/2024 (Reuters), Jakarta - Malaysian palm oil futures closed up on Monday, following rival vegetable oils, while the market awaits Malaysian Palm Oil Board (MPOB) data and export figures.

04/11/2024 (Bangkok Post) - The Commerce Ministry has urged edible oil processors not to raise retail prices as there are no factors affecting production costs.

04/11/2024 (Market Screener), Manitoba - Intercontinental Exchange canola futures eased back on Monday morning, taking its lead from other vegetable oils.

04/11/2024 (BBC) - Bin lorries and street cleaning vehicles in part of Nottinghamshire could run on vegetable oil in the future in a bid to cut fleet emissions by a third.

04/11/2024 (Biofuels International) - Cepsa has delivered second-generation biofuels to Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) in the Bay of Algeciras.

01/11/2024 (The Edge Malaysia) - Palm oil rallied for a third day to its highest level in more than two years, on strong demand amid concerns over tightening supply.

03/11/2024 (New Straits Times), Rembau - The Plantations and Commodities Ministry is committed to ensuring all industry players, including oil palm smallholders, obtain Malaysian Sustainable Palm Oil (MSPO) certification.

03/11/2024 (New Straits Times), Iskandar Puteri - Johor has signed an agreement with Japanese food industry leader Fuji Oil Holdings Inc. (Fuji Oil) to build a RM500 million specialized palm oil and fats refinery in Pasir Logok, Kota Tinggi.

01/11/2024 (Chemanalyst) - In late October 2024, global Stearic Acid prices continued to rise due to increased production costs and shortages of feedstock Palm Oil in key Southeast Asian markets, particularly Malaysia and Indonesia. These developments led to higher-priced imports of Stearic Acid across Asia, North America, and Europe

01/11/2024 (Food Business News), Kansas City - Soybean oil futures have been on a rollicking ride during this year’s soybean harvest. On Aug. 16, the nearby CME Group soybean oil futures contract tumbled to a four-year low after a bearish August Crop Production report from the US Department of Agriculture forecast record-high soybean production and yield for the 2024 crop that was even larger than initially anticipated by many in the trade. As a result, soybean oil futures prices fell to multi-year lows, but they didn’t stay there long, even as harvest of the massive domestic crop advanced and stocks began to build.

29/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, reaching a two-year high, said Fastmarket Palm Oil Analytics senior analyst Sathia Varqa.