Archived News

09/08/2024 (Biodiesel Magazine) - The U.S. exported 67,622.2 metric tons of biodiesel and biodiesel blends of B30 and greater in June, according to data released by the USDA Foreign Agricultural Service on Aug. 6. Biodiesel imports reached 99,610.1 metric tons for the month.

07/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures gave up early gains onWednesday to extend losses to a third session, as weaker rivals Dalian and Chicago contracts weighed on the market.

07/08/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mixed on Wednesday as concerns over higher output weighed on prices despite higher crude oil prices, dealers said.

07/08/2024 (The Edge Malaysia), Jakarta - Indonesia is carrying out tests ahead of plans by the incoming government to increase the palm oil-based biodiesel blending mandate to 50%, from 35% now, a government official said, raising industry concerns over supplies for exports.

07/08/2024 (Finance Feeds) - Interactive Brokers has opened access to listed derivatives on Bursa Malaysia, which has been actively promoting growth and participation from retail investors, especially the younger generation.

07/08/2024 (Olive Oil Times) - Olive oil prices around the world have reached historic highs due to poor harvests caused by drought and high springtime temperatures in key producing countries, most notably Spain.

06/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to end on a low note on Tuesday due to weakness in the Chicago soybean oil market, said palm oil trader David Ng.

06/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures extended losses for a second session on Tuesday to close at their lowest in seven months, as weakness in rival Dalian and Chicago contracts weighed.

06/08/2024 (Forbes) - Researchers in Colombia are using deep learning models to predict the ripeness of oil palm fruit, helping to increase efficiency.

06/08/2024 (Barchart) - Soybean bulls couldn’t manage to pull out strength on Tuesday, as price action turned around from Monday’s gains, with losses of 12 to 16 cents. Soymeal futures were down $8.20/ton in the September contracts, with August down $12.70/ton. Soy Oil futures were down 17 to 26 points.

06/08/2024 (Reuters), Buenos Aires - Two unions of soybean oil factory workers in Argentina announced a strike over wages on Tuesday, halting activity in one of the world's largest exporting hubs for processed soybeans.

06/08/2024 (Biofuels International) - According to a new report from the USDA the production of renewable diesel in the US has grown from 40 million gallons in the 2010/11 marketing year to 2.3 billion gallons in 2022/23 - surpassing biodiesel production for the first time.