Archived News

27/09/2024 (New Straits Times), Kuala Lumpur - Malaysia is firmly committed to sustainable palm oil production, says Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

27/09/2024 (Oils & Fats International) - Palm oil exports from Indonesia are expected to fall by 2M tonnes this year due to increased domestic consumption – following the introduction of a higher biodiesel blending mandate – and reduced output, XM reported from a Reuters article.

26/09/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures continued on an upward trend on Thursday on strong demand from India and supply concerns in major palm producing countries.

26/09/2024 (The Star) - SIK: FGV Holdings Bhd plans to implement innovative farm management techniques to address the challenges of climate change, which are causing a decrease in palm oil yields.

26/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher for the seventh consecutive day on Thursday, driven by stronger export performance and declining CPO production, a trader said.

26/09/2024 (ChemAnalyst) - September 2024 has seen a significant spike in Glycerine prices, sending shockwaves through various industries that rely on this versatile compound. Glycerine, a byproduct of biodiesel production and soap manufacturing, is experiencing unprecedented demand as supply chains struggle to keep pace with market needs.

26/09/2024 (Business Today) - Underpenetrated market in the Middle Eastern and the adjacent North African regions can offer further growth for local palm oil and specialty products exporters such as Kuala Lumpur Kepong (KLK), according to analysts.

26/09/2024 (The Star), Petaling Jaya - Kuala Lumpur Kepong Bhd (KLK) and Alami Commodities Sdn Bhd have formalised a memorandum of understanding (MoU) in relation to a joint venture (JV), KLK Alami Edible Oils Sdn Bhd (KAEO), for the manufacturing, sales and marketing of palm oil and specialty fats.

25/09/2024 (Chemanalyst) - In late September 2024, the global AES (Alkyl Ether Sulfate) market experienced a notable surge as production costs escalated. Prices for AES increased by approximately 4% across both the US and Asian markets in the week ending September 20. This rise was primarily driven by a significant 15% increase in the price of Fatty Alcohol, a critical feedstock, in major Southeast Asian exporters like Malaysia and Indonesia. This spike in Fatty Alcohol prices can be traced back to a 2.6% rise in palm oil prices in Southeast Asia during the latter half of September, further inflating AES production costs.

26/09/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures extended gains to a sixth straight session on Wednesday, closing at their highest level in over two-and-a-half months, as strength in Dalian contracts outweighed profit-taking in other rival oils.

25/09/2024 (Trans.Info) - Certa Ireland, part of DCC plc, now offers HVO at one in five of its 49 unmanned, the company announced on Tuesday.

25/09/2024 (Chemanlyst) - The recent surge in Malaysian Palm Oil prices has sent ripples across the Asia-Pacific (APAC) region, significantly impacting market sentiments and trade dynamics. This price hike, coupled with India's recent decision to raise import duties, has led to a series of cancellations and strategic shifts among refiners and importers, thereby affecting the overall market dynamics. As per the recent market development, Indian refiners have canceled approximately around of 100,000 metric tons of Palm Oil purchases scheduled for delivery between October to December. This decision follows New Delhi's move to raise import duties by about 20 percentage points, significantly increasing the total import duty on crude Palm Oil from the previously expected 5.5% to nearly 27.5%.