Archived News

04/09/2024 (Biodiesel Magazine) - Operable U.S. biofuels production capacity increased in June, with gains for both ethanol and renewable diesel, according to data released by the U.S. Energy Information Administration on Aug. 30. Feedstock consumption was up for the month.

02/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses and endedlower on Monday as investors booked profits, while losses inthe Dalian marketadded to the decline.

02/09/2024 (ChemAnalyst) - Nigeria and Indonesia have signed a Memorandum of Understanding (MoU) aimed at advancing palm oil production and expanding market opportunities, with a focus on modernizing practices and improving income for smallholder farmers. The agreement, signed in Abuja by the National Palm Produce Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI), marks a significant step toward strengthening the palm oil industry in both countries.

02/09/2024 (Antara) Badung, Bali - Foreign Affairs Minister Retno Marsudi on Monday revealed that African countries expressed their interest in increasing the capacity of their palm oil industry during their meeting with President Joko Widodo (Jokowi).

02/09/2024 (APP), Islamabad - The government has set a target to cultivate canola over 0.85 million hectares and sunflower over 0.77 million hectares during the current year in order to fulfil the local requirements of edible oil and reduce the reliance on imported oil.

02/09/2024 (NewsIP), New Delhi - Under the visionary leadership of IOCIAN's Mr. V Satish Kumar, Chairman of IndianOil, and with the esteemed guidance of Mr Ministers Hardeep Singh Puri and Nitin Gadkari, the company has been at the forefront of India's energy transition, driving innovation and sustainability in the sector.

02/09/2024 (The Star), Petaling Jaya - Hap Seng Plantations Holdings Bhd’s second-half (2H) earnings are expected to be better than its 1H on the back of higher sales volume and crude palm oil (CPO) prices, according to CGS International Research (CGSI Research).

30/08/2024 (The Edge Malaysia), Kuala Lumpur - Shares of Sarawak Oil Palms Bhd (KL:SOP) rose on Friday to their highest in one month, after the plantation company reported second-quarter results that beat estimates.

01/09/2024 (EINPresswire), Wilmington, New Castle, Delaware, United States - According to a new report published by Allied Market Research, titled, “Beef fat Market," The beef fat market was valued at $59.8 billion in 2021, and is estimated to reach $127.7 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.

01/09/2024 (Eurasia Review) - Indonesia, as the world’s largest producer of palm oil, has long relied on the European Union (EU) as one of its key export markets. However, recent developments have led the Indonesian Palm Oil Association (GAPKI) to reassess the strategic importance of the European market.

29/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two days of losses to close higher on Thursday, driven by stronger soybean oil prices during Asian hours, said a dealer.

29/08/2024 (Reuters), Singapore - Malaysian palm oil futures rose on Thursday, after a two-day losing streak, as traders covered short positions in the market, although the prospect of higher import taxes in India, the world's largest vegetable oil buyer, limited gains.