Archived News

28/08/2024 (The Western Producer), Saskatoon - Canada’s canola processors have been blindsided by proposed amendments to California’s Low Carbon Fuel Standard.

26/08/2024 (The Star), Kuala Lumpur - Ta Ann Holdings Bhd’s palm oil production is trending upwards as it enters the second half of the year with fresh fruit bunches (FFB) production cycle at its peak.

26/08/2024 (Reuters), Singapore - Malaysian palm oil futures advanced for the fourth session on Monday, touching their highest in more than three weeks on Indonesia's plan to further raise its biodiesel blending and concerns of rainy weather hurting Malaysia's production.

26/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday due to prospects of a weaker production pace in the country, said a dealer.

26/08/2024 (Reuters), Indonesia - President-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by $20 billion per year.

26/08/2024 (Bloomberg) - The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

26/08/2024 (ChemAnalyst) - Global production of vegetable oils is on the rise, driven by increasing demand across various markets. The anticipated surplus in commodities like palm and soybean oil for the 2024/25 period is expected to more than compensate for a projected decline in sunflower oil production. According to the US Department of Agriculture (USDA), global vegetable oil production for the current crop year is set to reach a record high of 224.2 million tonnes. This represents an increase of 2.7 million tonnes from the previous year. At the same time, global consumption is estimated to rise to 221.7 million tonnes, a jump of 5.3 million tonnes from the prior year. As a result, ending stocks are forecasted to be lower than last year, totaling 29.6 million tonnes, and will fall below the long-term average.

23/08/2024 (New Straits Times), Kuala Lumpur - Membership in intergovernmental organisation BRICS is likely to benefit Malaysian businesses, especially in the palm oil, rubber, and electronics sectors.

23/08/2024 (Free Malaysia Today), Petaling Jaya - Malaysia palm oil production is expected to surpass 19 million metric tonnes (mt) in 2025 in the event of a strong La Nina, said an analyst.

26/08/2024 (The Edge Malaysia) - The palm oil industry has come a long way from the introduction of the plant to the country as an ornamental crop to a complex global powerhouse, contributing significantly to Malaysia’s gross domestic product and the creation of job opportunities. While this pursuit of economic prosperity remains essential, a growing awareness of the industry’s far-reaching social and environmental implications has ignited a shift towards sustainable and responsible practices. Today, the palm oil sector operates within a complex and dynamic environment shaped by converging pressures. Escalating consumer expectations for ethical and sustainable products, coupled with increasingly stringent government regulations and rapid technological advancements, have transformed the industry landscape. With 5.65 million hectares across the country dedicated to the cultivation of the crop, the sector’s impact on local communities, small-scale farmers, indigenous groups and workers is profound and far-reaching.

24/08/2024 (The Nation) - A new biodiesel called “HVO” that promises reduced greenhouse gas emission is now being tested under a collaboration between Tri Petch Isuzu Sales and national oil and gas conglomerate PTT Plc.

22/08/2024 (Malay Mail), Kuala Lumpur - Malaysia is always ready to meet the increasing demand for palm oil in India through the cooperation with major importing companies such as Emami Agrotech Ltd.