Archived News

30/07/2024 (Reuters), Jakarta - Malaysian palm oil futures rose on Tuesday, supported by a stronger palm oil contract on the Dalian Commodity Exchange, and the Chicago soyoil.

30/07/2024 (The Edge Malaysia), Kuala Lumpur - Indonesia’s palm oil supply is expected to remain tight and that may augur well for Malaysia, say industry experts.

31/07/2024 (The Star), Beijing - China’s trade tensions with the European Union (EU), which have been fuelled by a string of tariff increases and protectionist actions by Brussels against Chinese enterprises, could intensify further as the bloc is set to levy provisional duties of up to 36.4% on biodiesel imports from the nation.

30/07/2024 (Hindustan Times), India - Adani Wilmar Ltd plans to invest around ₹600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more food products for consumers as well as institutional buyers to achieve higher growth in volume terms, its MD & CEO Angshu Malick said on Tuesday.

30/07/2024 (Ofi Magazine), Canada - Global agribusiness giant Cargill is halfway through construction of its new canola plant in Saskatchewan, Canada.

30/07/2024 (Ofi Magazine), Uruguay - Olive oil production in Uruguay has been impacted by drought conditions followed by rain during the harvest, Olive Oil Times wrote.

29/07/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell on Monday, weighed down by weakness in rival vegetable oils on the Dalian Commodity Exchange and a firm ringgit.

29/07/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday, due to weaker soybean oil prices on the Chicago Board of Trade (CBOT), said a dealer.

29/07/2024 (Upstream) - Petronas, Eni-controlled Enilive and Euglena have taken the final investment decision for a biorefinery that will be built within Petronas’ Pengerang Integrated Complex (PIC) in Johor, southern Malaysia.

29/07/2024 (Barchart) - Soybeans ended the Monday session rallying off the early morning lows. Contracts closed with 8 to 10 cent losses in the front months and other nearby August down 25 ½. Product pressure via oil was in play, with Soy Oil futures down 12 to 83 points in the nearbys and higher in the deferreds. Soymeal futures were up 70 cents to $2.20/ton in the front months.

30/07/2024 (Biodiesel Magazine) - Thailand’s newly proposed National Energy Plan is expected to set a target for sustainable aviation fuel (SAF) starting in 2026, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network in July. The plan also includes targets for ethanol and biodiesel.

29/07/2024 (Yicai) - Shares of Zhuoyue New Energy continued falling despite the Chinese biodiesel producer's fresh investment plans in Singapore and Saudi Arabia to avoid paying new anti-dumping duties on exports to Europe.