Archived News

06/09/2024 (The Star), Kuala Lumpur - Plantation companies are expected to see steady performance for the second half of 2024 amid stable crude palm oil (CPO) prices through the year.

05/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses to a third straight session on Wednesday, tracking a drop in prices of rival vegetable oils and a decline in India’s palm oil imports.

05/09/2024 (Barchart) - Soybeans are pulling off the early morning lows, with contracts down 2 to 3 cents in the nearbys at midday. Soymeal futures are dropping $5.50/ton in October. Soy Oil futures are back up 101 points in a rebound. There were no deliveries against September soybean meal or oil overnight, with 4 issued against September soybeans.

05/09/2024 (Business Today) - The plantation sector’s performance for 2QCY24 showed mixed results, with five companies meeting expectations, one falling short, and three exceeding projections. The overall earnings were driven by strong crop yields and elevated crude palm oil (CPO) prices, which ranged between RM3,834 to RM4,129 per metric tonne (Mt). The average selling price (ASP) of CPO strengthened to RM4,038/Mt, marking a 1.4% quarter-on-quarter increase and a 5.0% rise year-on-year. Analysts have adjusted their sector profit forecasts by +3% for FY24E, FY25E, and FY26F due to improved demand for derivative products, notably oleochemicals and biodiesel.

04/09/2024 (New Straits Times), Kuala Langat - The government is currently evaluating the use of RT-ECO technology, a cutting-edge method for treating palm oil mill effluent (POME), to enhance sustainable palm oil production in Malaysia.

04/09/2024 (The Edge Malaysia), Jakarta - Indonesia, the world's biggest palm oil exporter, plans to lower export levy rates of the tropical oil to improve competitiveness against rival vegetable oils and raise farmers' income, a government official said on Wednesday.

04/09/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its decline on Wednesday amid concerns over rising stockpiles.

04/09/2024 (ANN/Jakarta Post) - A plan by India, the world’s top buyer of vegetable oils, to increase its import tax on the commodity could hamper the growth of Indonesia’s palm oil exports.

04/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses to a third straight session on Wednesday, tracking a drop in prices of rival vegetable oils and a decline in India's palm oil imports.

04/09/2024 (Barchart) - Soybeans rounded out the Wednesday session with gains of 8 to 9 ½ cents across most front months. Soymeal futures were up $7.70/ton in October. Soy Oil futures were down 87 points as pressure continues to come via crude oil.

04/09/2024 (The Economics Times) - Indian Oil has achieved a notable industry milestone by blending 23.24 crore liters of biodiesel with regular diesel, reaching a 0.49 percent blending ratio, surpassing the 0.43 percent blending ratio of other oil marketing companies, data showed on September 4. This achievement is part of Indian Oil's broader efforts to promote sustainable energy.

05/09/2024 (Biodiesel Magazine) - The U.S. exported 88,432.8 metric tons of biodiesel and biodiesel blends of B30 and greater in July, according to data released by the USDA Foreign Agricultural Service on Sept. 4. U.S. biodiesel imports were at 86,483 metric tons for the month.