Archived News

19/06/2024 (The Hindu) - A team of scientists from Assam, Odisha, China, and the United Kingdom have developed a water-repellent catalyst that can cut the cost of producing “environmentally benign” biodiesel substantially from the current levels

17/06/2024 (New Strait Times), Kuala Lumpur - Malaysian palm oil leaders are welcomed to establish a hub in the Suez Canal Economic Zone to tap on the free trade agreements that Egypt has signed with its neighbours, Egyptian ambassador to Malaysia Ragai Tawfik Said Nasr said.

17/06/2024 (New Strait Times), Alor Star - The government's decision to lower the retail prices of grade A, B, and C eggs and maintain those of bottled palm cooking oil will benefit the Bottom 40 (B40) and hardcore poor population.

18/06/2024 (Biodiesel Magazine) - The USDA Foreign Agricultural Service on June 11 published a report discussing how the recent boom in U.S. renewable diesel production has caused market-altering shifts to both foreign and domestic feedstock trade.

17/06/2024 (Grain Trade) - The global market is experiencing an increase in the supply of vegetable oils, which is restraining the growth in prices for palm and soybean oils, despite the ongoing speculative rise in prices for sunflower oil.

17/06/2024 (Oil & Fats International) - Oil palm smallholders in Thailand have increased production volumes and their income as a result of Roundtable on Sustainable Palm Oil (RSPO) certification, the RSPO announced.

13/06/2024 (Reuters), Singapore - Malaysian palm oil futures snapped a two-day winning streak to fallon Thursday, as the contract tracked weaker Chicago soyoil and crude prices, while a stronger ringgit also added to the decline.

13/06/2024 (Reuters), Mumbai - India's palm oil imports rose by 11.6% in May from the previous month to reach the highest level in four months as its discount over rival oils led to higher purchases, a trade body said in a statement on Thursday.

13/06/2024 (Channel New Asia), Singapore - Agricultural commodity merchant Louis Dreyfus Company (LDC) is expanding its palm oil refining business in Indonesia, which will include construction of a new glycerine plant and higher production of biodiesel, a senior company official said.

14/06/2024 (Financial Express) - The imports of edible oils – palm, soybean and sunflower — declined by 5% to 8.67 million tonne (MT) in first seven months of the 2023-24 oil year (November-October) compared to the same period last oil year.

13/06/2024 (Bar Chart) - Soybeans are pushing higher on Thursday, helped by meal strength. Bean contracts are up 9 to 10 cents across the nearby contracts. Soymeal futures are bouncing at midday, with July up $7.30/ton. Soy Oil futures are down 8 points in the July contract.

12/06/2024 (The Edge Malaysia), Kuala Lumpur - Ecoscience International Bhd (KL:EIB), an integrated palm oil milling services provider, has secured a RM61.8 million contract for the construction of a crude palm oil (CPO) pretreatment plant and a plant, machinery, and equipment (PME) plant in Port Dickson.