Archived News

07/06/2024 (Biodiesel Magazine) - The U.S. exported 60,273.9 metric tons of biodiesel and biodiesel blends of B30 and greater in April, according to data released by the USDA Foreign Agricultural Service on June 6. Biodiesel imports were at 207,932.6 metric tons for the month.

06/06/2024 (Bar Chart) - Soybeans are trading 20 to 24 cents higher on Thursday as we get into the noon hour. Soymeal is trading $3.40 to $4.80 higher. Soy Oil futures have overcome recent weakness and are up 125 to 130 points or more.

06/06/2024 (Birmingham Live) - A groundbreaking three-year campaign is shining a light on high-quality European raisins and premium olive oil.

05/06/2024 (New Straits Times) - In today's world, many of us tend to look for products that help to make us look good and stay healthy, and one ingredient stands out for its remarkable benefits: sustainable palm oil.

05/06/2024 (The Edge Malaysia), Jakarta - Indonesia plans to set up a digital dashboard by August to track its agricultural commodities, its economics ministry said, as the world's top palm oil exporter looks to monitor US$6.5 billion worth of products that face a new EU anti-deforestation rule.

05/06/2024 (Advanced Science News) - Restoring coral reefs could soon be much easier thanks to an easy-to-use, biodegradable putty used to secure coral fragments to reef rock, allowing the transplantation of new coral colonies. The quick-hardening putty, which can be mixed underwater, is the first product specifically formulated with coral reefs in mind.

05/06/2024 (Farm Progress) - USDA’s Economic Research Service reports that in 2022-23 for the first time, renewable diesel production has surpassed biodiesel production.

05/06/2024 (Business Recorder), Jakarta - Malaysian palm oil futures shed early gains to close lower for a second consecutive session on Wednesday, as the market braced for export and production data from the world’s second-biggest producer.

04/06/2024 (Malay Mail), Mumbai - India's palm oil imports rose by 12.4 per cent in May from the previous month to reach the highest level in four months as the recent correction in prices led to higher purchases, five dealers told Reuters.

04/06/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell more than 3% on Tuesday as trading resumed after a public holiday, with weakness in rival Dalian contracts and crude oil prices weighing on the market.

04/06/2024 (The Edge Malaysia), Jakarta - Palm oil posted the biggest intraday drop in nearly a year, tracking recent falls in soybean oil and crude petroleum oil, which have made the tropical oil less attractive for use in biofuels.

04/06/2024 (Bangkok Post) - Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, announced that in response to proposed solutions from the Department of Internal Trade to tackle declining palm oil prices, the company is poised to procure B100 at the standardised price set by the Energy Policy and Planning Office (EPPO) through BBGI Corporation, a major player in the biofuel industry and an affiliate of the Bangchak Group. BBGI will procure crude palm oil from extraction plants at a standardised price set by the Department of Internal Trade, in alignment with oil palm prices. This initiative aims to bolster support for farmers and promote the adoption of environmentally friendly energy sources.