Archived News

29/08/2024 (Oils & Fats International) - Olive trees in Italy’s major olive-growing regions have been damaged by heatwaves and severe drought conditions ahead of this year’s harvest, Olive Oil Times wrote.

29/08/2024 (ChemAnalyst.news) - In a significant market shift, Rapeseed Oil prices are experiencing a sharp uptick across European nations during August, with experts predicting the trend to continue in the coming months. This surge comes despite global vegetable oil production reaching record levels, highlighting the complex dynamics at play in certain edible oils market including the Rapeseed Oil.

28/08/2024 (Reuters), Singapore - Malaysian palm oil futures ended lower on Wednesday as concerns over the prospect of higher import taxes in India, the world's top vegetable oil buyer, outweighed a weaker supply outlook from top producer Indonesia

28/08/2024 (New Straits Times), Kuala Lumpur - TH Plantations Bhd, the plantation subsidiary of Lembaga Tabung Haji, reported a significant increase in its net profit for the second quarter ended June 30, 2024 (2Q24), rising to RM10.4 million from RM5.3 million in the same period last year.

28/08/2024 (Breaking News.ie) - An Irish fire service has launched the first fire engine in the world combining state-of-the-art software with hydrotreated vegetable oil (HVO).

28/08/2024 (APK-Inform) - According to APK-Inform Agency, in 25 days of August, Ukraine exported about 200 thsd tonnes of sunflower oil, down 45% compared to the same period in July.

27/08/2024 (Fastmarkets) - China’s exports of used cooking oil (UCO) came in at 176,816 tonnes in July 2024, just a touch under the July 2023 figure, a monthly report from China’s General Administration of Customs (GACC) said on Tuesday August 20.

27/08/2024 (Reuters), Singapore - Malaysian palm oil futures reversed early gains on Tuesday to end a four-session climb, as investors weighed mixed demand signals from top global consumers.

27/08/2024 (Business Today) - The Malaysian Palm Oil Council (MPOC), in collaboration with the National Association of Smallholders (NASH), hosted a workshop on August 22, 2024, titled “Pengenalan Standard MSPO (MS2530:2022) dan Aspek Sosial Dalam Perniagaan.” The event attracted over 160 local oil palm smallholders from across Johor, highlighting the importance of sustainable and responsible palm oil practices.

27/08/2024 (The Edge Malaysia), Kuala Lumpur - Analysts expect a better first half (1HFY2025) for IOI Corporation Bhd (KL: IOICORP) on the back of improved fresh fruit bunch (FFB) production and lower crude palm oil (CPO) production costs, after its full-year ended June 30, 2024 (FY2024) came mostly within expectations.

27/08/2024 (New Straits Times), Kuala Lumpur - Agribusiness and food company FGV Holdings Bhd reported a net profit of RM86.3 million for the second quarter of 2024 (2Q24), a turnaround from a net loss of RM12.8 million in the same quarter of the previous year.

27/08/2024 (Barchart) - Soybeans are posting of 4 to 6 cent gains as we trade trough Tuesday’s midday, adding onto Monday’s strength. Soymeal futures are up $4.20 per ton. Soy Oil contracts are back down 34 points in the September contract.