Archived News

04/09/2024 (ANN/Jakarta Post) - A plan by India, the world’s top buyer of vegetable oils, to increase its import tax on the commodity could hamper the growth of Indonesia’s palm oil exports.

04/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses to a third straight session on Wednesday, tracking a drop in prices of rival vegetable oils and a decline in India's palm oil imports.

04/09/2024 (Barchart) - Soybeans rounded out the Wednesday session with gains of 8 to 9 ½ cents across most front months. Soymeal futures were up $7.70/ton in October. Soy Oil futures were down 87 points as pressure continues to come via crude oil.

04/09/2024 (The Economics Times) - Indian Oil has achieved a notable industry milestone by blending 23.24 crore liters of biodiesel with regular diesel, reaching a 0.49 percent blending ratio, surpassing the 0.43 percent blending ratio of other oil marketing companies, data showed on September 4. This achievement is part of Indian Oil's broader efforts to promote sustainable energy.

05/09/2024 (Biodiesel Magazine) - The U.S. exported 88,432.8 metric tons of biodiesel and biodiesel blends of B30 and greater in July, according to data released by the USDA Foreign Agricultural Service on Sept. 4. U.S. biodiesel imports were at 86,483 metric tons for the month.

03/09/2024 (Reuters), Mumbai - India's palm oil imports in August fell more than a quarter from a month ago on ample stocks and as negative margins prompted refiners to curtail purchases of the tropical oil, five dealers said on Tuesday.

03/09/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower amid mixed market sentiment.

03/09/2024 (Kenya News) - Nakuru County Government has embarked on an ambitious bid to promote the cultivation of canola (rapeseed) and sunflower in the devolved unit to reduce the import bill for edible oils and lower the prices of cooking oil in Kenya.

03/09/2024 (Eastern Sentinel), Naharlagun - Arunachal Pradesh Agriculture Minister, Gabriel D Wangsu emphasized the need for a comprehensive approach to sustainable palm oil production that addresses environmental, economic, and social aspects, as well as the critical issue of human-animal conflict in oil palm plantations.

04/09/2024 (Biodiesel Magazine) - Operable U.S. biofuels production capacity increased in June, with gains for both ethanol and renewable diesel, according to data released by the U.S. Energy Information Administration on Aug. 30. Feedstock consumption was up for the month.

02/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses and endedlower on Monday as investors booked profits, while losses inthe Dalian marketadded to the decline.

02/09/2024 (ChemAnalyst) - Nigeria and Indonesia have signed a Memorandum of Understanding (MoU) aimed at advancing palm oil production and expanding market opportunities, with a focus on modernizing practices and improving income for smallholder farmers. The agreement, signed in Abuja by the National Palm Produce Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI), marks a significant step toward strengthening the palm oil industry in both countries.