Archived News

16/08/2023 (Reuters), Kuala Lumpur - Malaysia's palm oil board and state oil firm Petronas (IPO-PETO.KL) have signed an agreement to study the use of used cooking oil and palm oil waste as sustainable aviation fuel.

16/08/2023 (The Star Online), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) and Petroliam Nasional Bhd (Petronas) are collaborating to conduct a study on the production of sustainable aviation fuel (SAF) with used cooking oil and palm wastes as the main raw materials.

15/08/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped for a second straight session on Wednesday and hit a nine-day high after a surge in exports during the first half of August and as the ringgit weakened.

16/08/2023 (Dhaka Tribune) - The government on Wednesday approved a proposal for procuring some eight million litres of soybean oil to meet the growing demand of edible oil in the country.

16/08/2023 (Market Screener), Jakarta - Indonesia has set its crude palm oil (CPO) reference price at $820.35 per metric ton for the period of Aug. 16-31, according to a trade ministry regulation.

16/08/2023 (The North Lines) - In Northeast India, the debate over officially proposed palm oil cultivation on a major scale has warmed up, with some opposition parties in Assam protesting the state's decision to go ahead with the scheme.

15/08/2023 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded after three days of losses, tracking the bullish momentum of Chicago Board of Trade (CBOT) soybean oil futures and resurgent Chinese vegetable oil futures, a dealer said.

15/08/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose more than 2% on Tuesday ending a three-session decline, helped by a surge in exports, a declining ringgit and strength in rival edible oils.

15/08/2023 (New Straits Times), Kuala Terengganu - The short supply of subsidised polybag cooking oil has become critical as traders and consumers claim that it is difficult to get in the surrounding areas here.

15/08/2023 (Energy Portal EU) - The Global Centre for Maritime Decarbonisation (GCMD) revealed that carbon emissions decreased by 83% when using a vegetable oil biofuel blend compared to marine gasoil during a trial for a dual-fuel liquefied petroleum gas (LPG) carrier. This trial is part of the GCMD’s $18 million project to test various biofuel blends in order to reduce carbon emissions.

15/08/2023 (India Narrative) - Scientists and institutions all over the world are exploring methods of converting waste into wealth. Among these are Indian ones too and an example of this endeavour came to the fore as faculty and students of College of Engineering, Thiruvananthapuram along with Kerala State Electricity Board Limited developed biodiesel from non-edible cooking oil.

15/08/2023 (Xinhua), Jakarta - Indonesia posted a trade surplus of 1.31 billion U.S. dollars in July, down from June's 3.45 billion dollars, the Statistics Indonesia BPS said on Tuesday.