Archived News

10/07/2024 (The Edge Malaysia), Shanghai - The Malaysian Palm Oil Council (MPOC) sees palm oil exports to the European Union (EU) stabilising in the long term and it will remain an important market for Malaysian palm oil despite challenges presented by the EU Deforestation Regulation (EUDR), as it is confident local players exporting to the region are able to meet sustainability criteria under the new rules.

10/07/2024 (Oils & Fats International) - The US government is opening the door to Brazilian imports of used cooking oil (UCO) by accepting international certification for the product, Bloomberg reports from a joint statement by the South American country’s ministries of foreign affairs and agriculture.

09/07/2024 (New Straits Times), Mumbai - Malaysian palm oil futures fell more than 2 per cent on Tuesday, marking their biggest drop in a month, due to an expected rise in stockpiles and tracking losses in rival soyoil, following better-than-expected crop conditions for the U.S. soybean crop.

09/07/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices are expected to trade within the range of RM3,800 per tonne to RM4,200 per tonne in the second half of 2024 (2H2024), Malaysian Palm Oil Council (MPOC) chief executive officer Belvinder Kaur Sron said, with production conditions remaining the main factor influencing prices.

09/07/2024 (Malay Mail), Kuala Lumpur - FGV Holdings Berhad (FGV) announced that it has submitted a petition to the United States Customs and Border Protection (CBP) seeking the modification of the Withhold Release Order (WRO) imposed on its palm oil and palm oil products since September 2020.

09/07/2024 (Fastmarkets) - Germany’s vegetable oil trade group UFOP warned that current global rapeseed production forecasts suggest there will not be enough of the oilseed available to meet demand and pushed for more planting in 2025 in a press release published on Thursday July 4.

09/07/2024 (Biofuels International) - The EU Commission expects a decrease in rapeseed harvests in Romania, Germany, Poland and the Czech Republic in 2024 compared to the previous year.

10/07/2024 (Biodiesel Magazine) - U.S. operable biofuels production capacity increased in April, with gains for ethanol, biodiesel and renewable diesel, according to data released by the U.S. Energy Information Administration on June 28. Feedstock consumption was down from the previous month.

09/07/2024 (The Edge Malaysia) - Johor Plantations Group Bhd (KL:JPG) will use funds raised in its RM735 million initial public offering (IPO) to build a palm oil operation powered by clean energy, as it navigates increasingly tough regulations in key markets like Europe.

08/07/2024 (The Star) - The next government, which will be led by Prabowo Subianto-Gibran Rakabuming Raka (pic), is expected to strengthen the competitiveness of palm oil products as a strategic commodity for domestic and foreign markets, a scholar said, reported Indonesian News Agency (Antara).

08/07/2024 (Bangkok Post) - Thailand expects to export 800,000 tonnes of crude palm oil this year, aiming to stabilise the prices of local fresh palm nuts.

07/07/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week ahead of the Malaysian Palm Oil Board's (MPOB) key crop report, said a trader.