Archived News

09/07/2024 (Biofuels International) - The EU Commission expects a decrease in rapeseed harvests in Romania, Germany, Poland and the Czech Republic in 2024 compared to the previous year.

10/07/2024 (Biodiesel Magazine) - U.S. operable biofuels production capacity increased in April, with gains for ethanol, biodiesel and renewable diesel, according to data released by the U.S. Energy Information Administration on June 28. Feedstock consumption was down from the previous month.

09/07/2024 (The Edge Malaysia) - Johor Plantations Group Bhd (KL:JPG) will use funds raised in its RM735 million initial public offering (IPO) to build a palm oil operation powered by clean energy, as it navigates increasingly tough regulations in key markets like Europe.

08/07/2024 (The Star) - The next government, which will be led by Prabowo Subianto-Gibran Rakabuming Raka (pic), is expected to strengthen the competitiveness of palm oil products as a strategic commodity for domestic and foreign markets, a scholar said, reported Indonesian News Agency (Antara).

08/07/2024 (Bangkok Post) - Thailand expects to export 800,000 tonnes of crude palm oil this year, aiming to stabilise the prices of local fresh palm nuts.

07/07/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week ahead of the Malaysian Palm Oil Board's (MPOB) key crop report, said a trader.

07/07/2024 (Business Recorder), Jakarta - Malaysian palm oil futures closed with their best week in five, even as prices fell on Friday as traders chose to book profits ahead of a long weekend.

04/07/2024 (The Star), Bangi - The price of palm oil will become uncompetitive compared to other producing countries if the windfall profit levy (WPL) on palm oil in this country is not revised.

04/07/2024 (Media OutReach Newswire), Padang, Indonesia - Apical, a leading vegetable oil processor, held a groundbreaking ceremony today at its PT Padang Raya Cakrawala (PRC) facility to mark the construction of a new crude palm oil (CPO) refinery and fractionation plant for cooking oil production. Located in Padang City, West Sumatra, Indonesia, these new plants are set to boost Apical's production capacity to meet growing demands of both domestic and international markets.

04/07/2024 (Reuters), Jakarta - Malaysian palm oil futures dropped on Thursday, tracking loss in the Dalian soyoil contract, while the market awaited for export and production data from the Malaysian Palm Oil Board (MPOB).

04/07/2024 (The Malaysian Reserve) - PALM OIL stockpiles in Malaysia probably hit the highest level since February as exports from the world’s second-largest grower slumped. Still, expectations for better demand ahead boosted prices to a two-month high.

04/07/2024 (Capital News), Nairobi, Kenya - Cooking oil manufacturers have expressed deep concern over the introduction of a 10 percent import duty on crude oil warning it will cause significant price increases for cooking oil, an essential staple for millions of Kenyan households.