Archived News

19/07/2024 (Biodiesel Magazine) - Nearly 2.04 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in June, down slightly from 2.06 billion generated during the same month of last year, according to data released by the U.S. EPA on July 18. Total RIN generation for the first half of 2024 reached 12.07 billion, up from 11.43 billion generated during the same period of last year.

17/07/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday, buoyed by higher export estimates from the world's second-biggest producer, although a firmer ringgit capped gains.

18/07/2024 (New Straits Times), Kuala Lumpur - IOI Corporation Bhd expects crude palm oil (CPO) unit costs to reduce four per cent year-on-year (YoY) for financial year 2024 (FY24).

17/07/2024 (South China Morning Post) - Smallholders are instrumental in Southeast Asia’s palm oil production. Indonesia alone, they cultivate roughly 41 per cent of the land dedicated to oil palm, while in Malaysia, that number is at least 27 per cent. Globally, smallholders are responsible for roughly 35 per cent to 40 per cent of the world’s total oil palm plantations. Therefore, as global concerns about sustainability increase, smallholders play an important role in sustainability initiatives.

17/07/2024 (New Straits Times), Kuala Lumpur - Malaysia and the world's largest importer of palm oil, India, will work together to counter the anti-palm oil campaign by the West.

17/07/2024 (Bracknell Forest Council) - In a significant move towards sustainability, the council’s Executive has approved to trial hydro treated vegetable oil as fuel for a waste collection vehicle.

16/07/2024 (Borneo Post), Kuala Lumpur - The palm oil industry should explore repurposing residuals as a crucial feedstock for sustainable aviation fuel (SAF), moving beyond traditional uses of palm oil, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

16/07/2024 (New Straits Times), Kuala Lumpur - A total of RM6.12 billion of windfall tax from the palm oil industry has been collected and deposited into the Federal Consolidated Fund from 1999 to 2023.

16/07/2024 (New Straits Times), Kuala Lumpur - The Agriculture and Commodities Ministry is taking various efforts to ensure that the Malaysian Sustainable Palm Oil (MYSPO) certification meets the requirements of the European Union's Forest Law Enforcement, Governance and Trade Regulation (EUDR).

16/07/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday to snap a two-day decline, buoyed by stronger rival Dalian and Chicago contracts and higher export estimates.

16/07/2024 (Biofuels International) - Germany exported a total of just less than 1.7 million tonnes of rapeseed meal. This was up about 26% on the same period a year earlier.

15/07/2024 (The Star), Kuala Lumpur - Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China.