Archived News

25/03/2024 (Kenya News), The government has embarked on an ambitious plan to promote the growing of sunflower in a strategy meant to cut down the import bill for edible oils and lower cooking oil prices.

25/03/2024 (Daily Post), Vice President Kashim Shettima, represented by his Special Adviser on Economic Affairs, Tope Fasua has described Cross River State as the economic harbinger of Nigeria going by the arrays of energy potentials she is endowed with.

22/03/2024 (Reuters), Singapore - Malaysian palm oil futures fell on Friday to mark its first weekly loss in five as it consolidated after a recent bullish episode, while lower edible and crude oil prices added to the decline.

25/03/2024 (The Star), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways this week as traders remain on a cautious mode, a dealer says.

25/03/2024 (The Star), IN March 2020, Malaysia confronted the onset of Covid-19 pandemic, prompting the imposition of a nationwide movement control order (MCO) to curb the virus’s spread.

25/03/2024 (The Japan News), The cost of raw materials has been soaring due to unseasonable weather overseas, leading to the prices of products such as chocolate and olive oil to continue rising. Combined with rising costs of labor and logistics, a heavy burden has been placed on the consumer.

21/03/2024 (Olive Oil Times), From the traditional groves in the north to the super-high-density plantations of the south, producers across Portugal overcame winter rain to achieve a bountiful harvest.

21/03/2024 (XM), Jakarta - Malaysian palm oil futures dropped on Thursday, erasing earlier gains, amid uncertainty over production growth and some correction in rival vegetable oils.

22/03/2024 (The Star), Kuala Lumpur - The European Union’s (EU) ban on the import of palm oil as a biofuel by 2030 is seen as lacking in transparency and scientific reliability, which provides an inaccurate view of the sustainability practices practised in the country’s biofuel industry.

21/03/2024 (New Straits Times) Kuala Lumpur - Bursa Malaysia Derivatives Bhd has reported an all-time high in daily open interest for its benchmark price-setting crude palm oil futures (FCPO) contract in March.

21/03/2024 (Connacht Tribune), Skoda Ireland and fuel retailer Certa have launched a new joint campaign aimed at encouraging owners and would-be buyers of new diesel cars to use hydrotreated vegetable oil (HVO) biofuel as a replacement for diesel to lower their motoring carbon emissions by up to 90%.

21/03/2024 (PR Newswire), The global biodiesel market is projected to boom at a CAGR of 6.05% between 2024 and 2030, to reach US$ 59.26 billion by 2030. In modern instances, biodiesel performs a crucial role in addressing environmental challenges and electricity sustainability. As a renewable gas derived from natural assets like vegetable oils and animal fat, biodiesel extensively reduces greenhouse fuel emissions as compared to standard diesel, mitigating climate exchange influences. Its use promotes energy independence by lowering reliance on fossil fuels, contributing to countrywide protection. Additionally, biodiesel supports agricultural economies by developing new markets for farm merchandise, fostering rural improvement, and improving overall environmental quality.