Archived News

29/07/2024 (Barchart) - Soybeans ended the Monday session rallying off the early morning lows. Contracts closed with 8 to 10 cent losses in the front months and other nearby August down 25 ½. Product pressure via oil was in play, with Soy Oil futures down 12 to 83 points in the nearbys and higher in the deferreds. Soymeal futures were up 70 cents to $2.20/ton in the front months.

30/07/2024 (Biodiesel Magazine) - Thailand’s newly proposed National Energy Plan is expected to set a target for sustainable aviation fuel (SAF) starting in 2026, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network in July. The plan also includes targets for ethanol and biodiesel.

29/07/2024 (Yicai) - Shares of Zhuoyue New Energy continued falling despite the Chinese biodiesel producer's fresh investment plans in Singapore and Saudi Arabia to avoid paying new anti-dumping duties on exports to Europe.

29/07/2024 (The Hindu Business Line) - The operating profitability is seen rising 40-50 basis points (bps) to around 3.5 per cent owing to favourable prices and continuation of duty-free imports.

26/07/2024 (Africa.com) - Angola, located in the western part of Africa, is emerging as a promising market for Indonesian palm oil on the African continent. Several regions in Angola are ready to be developed for palm oil cultivation. This potential was highlighted during a recent visit by the Indonesian Ambassador to Namibia accredited to Angola, Wisnu Edi Pratignyo, on Thursday, July 25 2024.

26/07/2024 (The Edge Malaysia), Kuala Lumpur - Oleochemical and palm oil company Southern Acids (M) Bhd (KL:SAB) has allocated RM43.8 million to cover its capital expenditure (capex), including for planting, equipment purchase and plant upgrades.

27/07/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a downside bias next week due to weak demand, which may weigh on prices, said palm oil trader David Ng.

25/07/2024 (Bernama) – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the third consecutive day on Thursday, tracking weakness in the Chicago soybean oil market and weaker Dalian palm olein prices.

25/07/2024 (Reuters), Beijing - Malaysian palm oil futures fell for a third session on Thursday, weighed down by weaker competing edible oils and forecasts of higher output as traders shrugged off Indonesia's plan to raise its biodiesel content.

25/07/2024 (New Straits Times), Kuala Lumpur - The Ministry of Plantation and Commodities (KPK) will consider simplifying the loan process from banks to oil palm smallholders in the upcoming Budget 2025.

25/07/2024 (Morning Star), Manitoba - Intercontinental Exchange canola futures increased on Thursday, but with the upfront contracts fading from earlier gains.

25/07/2024 (Chemanalyst) - NATSO, which represents America’s travel centers and truck stops; SIGMA: America’s Leading Fuel Marketers; and the National Association of Convenience Stores (NACS) have praised a bipartisan group of lawmakers for introducing the “Biodiesel Tax Credit Extension Act of 2024.” This proposed legislation aims to extend the biodiesel blender’s tax credit and is sponsored by Representatives Mike Carey (R-Ohio), Claudia Tenney (R-NY), Ann Kuster (D-NH), and Mariannette Miller-Meeks (R-Iowa).