Archived News

12/08/2024 (New Straits Times), Kuala Lumpur - RHB Investment Bank Bhd (RHB Research) forecasts that long-term crude palm oil (CPO) prices will range between RM3,000 and RM3,500 per tonne, driven by increasing costs and rising demand.

13/08/2024 (Biodiesel Magazine) - The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimate report, released Aug. 12. The forecast for soybean production was revised up.

12/08/2024 (People Daily) - The edible oil programme initiated by the government to bring down the cost of the commodities in the country did not have any impact on the prices despite the government pumping Ksh 14.4 billion into the programme.

11/08/2024 (VNA), Jakarta - Indonesia is conducting tests as it prepares for the incoming government’s plan to increase the palm oil-based biodiesel blending mandate to 50%, up from the current 35%.

11/08/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downside bias next week, with prices anticipated to range between RM3,650 and RM3,850 per tonne, according to a trader.

12/08/2024 (Malaysia Sun) - Supporting Malaysia's smallholder farmers with technology and policy can ensure a sustainable palm oil industry.

12/08/2024 (Daily News) - The Malaysian High Commissioner in Sri Lanka Badli Hisham Adam said that Sri Lanka’s climate is ideal for a profitable palm oil cultivation and production, which can alleviate poverty and benefit smallholders.

08/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday due to increased soybean oil prices, said palm oil trader David Ng.

08/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures edged higher on Thursday after a three-day losing streak, buoyed by stronger rival Dalian contracts, though weaker crude oil prices and a firmer ringgit currency capped the gains.

09/08/2024 (Philstar) Manila, Philippines — Biofuel advocates are pushing for innovative solutions to lower the cost of rice production, as President Marcos reaffirmed his commitment to bring down the price of the country’s main staple, which currently ranges from P45 to P65 per kilo.

08/08/2024 (New Straits Time), Kuala Lumpur - FGV Holdings Bhd cements its commitment to sustainable practices with the first production of its European Union Deforestation Regulation (EUDR) compliant crude palm kernel oil (CPKO).

08/08/2024 (Mongabay), Gorontalo, Indonesia - A palm oil industry body and a state-owned company are proposing a vast new palm oil plan encompassing around 1 million hectares (nearly 2.5 million acres) of new plantations across the Indonesian island of Sulawesi.