PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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WORLD  
  07-04-2023

Indonesia must jump ethanol feedstock hurdle to repeat biodiesel success

JAKARTA — Indonesia, the world’s biggest palm oil biodiesel user, is now working to introduce bioethanol mandates for gasoline to further cut fuel imports and carbon emissions, but it will first have to secure more bio feedstock and solve thorny technical problems

MARKET DEVELOPMENT  
  07-04-2023

VEGOILS-Palm gains on shrinking March inventory estimates

KUALA LUMPUR, April 6 (Reuters) - Malaysian palm oil futures firmed on Thursday, recouping some ground lost in the previous session, as expectations of a sharp drop in March stockpiles underpinned prices.

MARKET DEVELOPMENT  
  07-04-2023

Palm oil reverses early gains on higher output forecast

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Thursday to end lower for a second consecutive day after an industry group forecast a rise in March production.

MARKET DEVELOPMENT  
  07-04-2023

USDA: US biodiesel imports top 123,302 metric tons in February

The U.S. exported 18,576.8 metric tons of biodiesel and biodiesel blends of B30 or greater in February, according to data released by the USDA Foreign Agricultural Service on April 5. Biodiesel imports were at 123,302.2 metric tons for the month.

MARKET DEVELOPMENT  
  07-04-2023

UK Joins the CPTPP: Opportunities for British Investors in Malaysia

The UK joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc presents opportunities for British companies to invest in Malaysia, which is also a signatory to the CPTPP.

MARKET DEVELOPMENT  
  07-04-2023

VEGOILS-Palm ends more than 5% higher on supply worries, tracks soyoil rally

03/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rallied more than 5% on Monday to hit a more than three-month high, tracking a sharp rally in rival soyoil on concerns over smaller U.S. planting and inventories.

MARKET DEVELOPMENT  
  06-04-2023

India's March palm oil imports jump on discounts, say dealers

05/04/2023 (Malay Mail), Mumbai - India's March palm oil imports jumped 28 per cent from an eight-month low in February, as discounts on the tropical oil prompted refiners to curb purchases of soyoil and sunoil, five dealers told Reuters today.

MARKET DEVELOPMENT  
  06-04-2023

A sustainable palm oil development model for Papua

06/04/2023 (The Jakarta Post) - As oil palm plantations can be a significant contributor to rural livelihoods in Indonesia, the government has been capitalizing on this commodity and strengthening Indonesia’s position as the global leader in palm oil production by expanding plantations. As land for new plantation investment has become scarce in Kalimantan and Sumatra, plantation developers are looking east to acquire land in Papua.

MARKET DEVELOPMENT  
  06-04-2023

PREVIEW-Malaysia’s end-March palm oil stocks pegged at 8-month low as exports surge

05/04/2023 (Nasdaq), Kuala Lumpur - Malaysia's palm oil inventories at the end of March are seen tumbling to below 2 million tonnes to the smallest level in eight months, as exports soared ahead of the month of Ramadan, a Reuters survey showed on Wednesday.

MARKET DEVELOPMENT  
  06-04-2023

Palm Reserves in Malaysia to Hit 9-Month Low as Exports Soar

05/04/2023 (The Malaysian Reserve) - PALM oil stockpiles in Malaysia likely plunged the most in more than two years in March, dropping below the 2 million-ton level, as exports jumped and production in the second-biggest grower continued to weaken.

MARKET DEVELOPMENT  
  06-04-2023

VEGOILS-Palm oil falls after hitting highest in nearly three weeks

04/04/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Wednesday as traders booked profits after the contract hit a nearly three-week high in the previous session, and was further weighed by a stronger ringgit.

MARKET DEVELOPMENT  
  06-04-2023

VEGOILS-Palm ends two-day rally, lower stockpiles limit losses

05/04/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures slipped more than 2% on Wednesday, ending a sharp two-day climb, although a forecast of shrinking stockpiles limited the losses.