Archived News

24/09/2024 (Borneo Post Online), Kuching - The oil palm industry is appealing for an extension of the incineration process that converts empty fruit bunches (EFB) into organic fertiliser.

24/09/2024 (Ofi Magazine) - The Indian government has raised customs duty on edible oils in a bid to support oilseed farmers, Reuters reported.

24/09/2024 (Farm Progress) - Area planted to sunflower in 2024 decreased 46% from 2023 and totals 715,200 acres, according to the initial USDA Farm Service Agency crop acreage report. The planted area of oil-type varieties, at 593,930 acres, is down 49% from 2023.

24/09/2024 (Techxplore) - Barriers that are currently preventing the use of greater percentages of biomass-based diesel fuel blended into petroleum diesel have been identified, along with strategies to overcome them, according to researchers at the National Renewable Energy Laboratory (NREL).

24/09/2024 (The Star), Putrajaya - A proposal to revise the windfall profit levy (WPL) on palm oil has been made due to increased costs that have caused the windfall margin to become “virtually non-existent,” says the Plantation and Commodities Minister.

24/09/2024 (The Star), Petaling Jaya - The competitiveness for Malaysia’s downstream palm oil products will decrease following the move by Indonesia to amend its export tax policy for crude palm oil (CPO) and refined palm oil export, says RHB Research.

23/09/2024 (The Edge Malaysia), Mumbai - Indian refiners cancelled 100,000 metric tons of palm oil purchases for delivery between October and December, as New Delhi's move to raise import duties due to a rally in overseas prices prompted them to book profits, five trade officials told Reuters.

23/09/2024 (The Bridge Chronicle), Pune - As the festive season approaches, consumers are facing a significant surge in the prices of essential commodities, particularly edible oils and coconut products.

23/09/2024 (Biofuels International) - Imports of biodiesel from China dropped to 9,835 mt in July down from 109,457 mt in June.

20/09/2024 (New Straits Times), Kuala Lumpur - SD Guthrie Bhd has delivered its first shipments of 40,250 tonnes of palm oil to Europe and the United Kingdom that is fully compliant with the European Union's Deforestation Regulation (EUDR).

21/09/2024 (New Straits Times), Kuala Lumpur - Public Investment Bank Bhd (PublicInvest Research) has kept a "neutral" call on the plantation sector with a full-year crude palm oil (CPO) forecast of RM3,800 per tonne.

20/09/2024 (The Edge Malaysia), Mumbai - Malaysian palm oil is likely to trade between RM3,700 to RM4,500 a metric tonne from now until June, as demand is expected to be buoyant during the Chinese Lunar New Year and the holy month of Ramadan, industry analyst Dorab Mistry said.