Archived News

05/10/2024 (Bernama), Kuala Lumpur – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias amid rising crude oil and soybean oil prices, a dealer said.

03/10/2024 (New Straits Times), Kuala Lumpur - The 2025 Budget may see the inclusion of two key proposals on the plantation sector namely a revision on the windfall profit levy on palm oil and additional allocations for palm oil replanting programme.

03/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower on Thursday, driven by profit-taking following a recent price rally.

04/10/2024 (Bernama), New Delhi - India will spend 101 billion rupees (US$1.2 billion) over the next seven years to reduce its dependence on edible oil imports.

03/10/2024 (Reuters), Mumbai - India's palm oil imports in September fell by nearly a third compared to the previous month, hitting a six-month low as a surge in tropical oil prices made it more expensive than rival oils, forcing refiners to postpone purchases, five dealers said.

03/10/2024 (Reuters), Madrid - Olive oil exporters in Spain, the world's biggest producer, have warned there are no viable alternative routes to the lucrative U.S market amid a strike at U.S. East and Gulf Coast ports.

03/10/2024 (Barchart) - Soybeans are trading with just fractional losses on Thursday’s midday, after double digit losses earlier in the morning. CmdtyView’s national front month Cash Bean price is down 1/2 cent at $9.93 1/2. Soymeal is down $3.80-$4.10/ton across the front months but off the lows. Soy Oil futures are up 108 points in the December contract.

02/10/2024 (Bernama), Kuala Lumpur – Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher on Wednesday due to the escalation of tension in the Middle East, said a dealer.

02/10/2024 (Responses Source) - DAABON UK, part of the DAABON group, a global leader in sustainable agriculture, has launched the world’s first carbon-neutral organic palm oil.

02/10/2024 (Payload Asia) - dnata, a leading global air and travel services provider, continues to take initiatives to reduce its environmental footprint throughout the world. In the UK, dnata’s Heavy Goods Vehicle (HGV) fleet of 70 trucks at London Heathrow Airport (LHR) has switched to run on Hydrotreated Vegetable Oil (HVO), a fossil-free alternative to regular diesel.

02/10/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures jumped more than 4% on Wednesday, driven by gains in crude oil prices and Chicago soyoil.

02/10/2024 (Biodiesel Magazine) - Downey Ridge Environmental Co. (Greasezilla) and bp announce a groundbreaking agreement that will enable the capture and extraction of brown grease waste as a feedstock for biofuel production, marking a step forward in sustainable energy production. As part of the agreement, bp will finance the expansion of Greasezilla's production facilities to support the delivery of brown grease feedstock to the market, aimed at furthering the renewable diesel (RD) and sustainable aviation fuel (SAF) markets.