Archived News

08/05/2024 (News Wires), Wilmington, Delaware, United States - According to a new report published by Allied Market Research, the biodiesel market size was valued at $50.9 billion in 2022, and is estimated to reach $70.9 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032.

07/05/2024 (Reuters), Singapore - Malaysian palm oil futures rose on Tuesday for a second session, tracking sustained gains in soyoil amid poor weather in Brazil and Russia, while key palm producer Indonesia's adverse weather conditions also supported palm prices.

07/05/2024 (Lavanguardia) - It provides direct benefits to the brain, as well as indirect benefits through better cardiovascular health.

07/05/2024 (The Guardian) - Olive oil prices are set to climb further this year – heading to more than £16 a litre for a bottle of extra virgin – amid a drop in global production to the lowest level in more than a decade.

07/05/2024 (ChemAnalyst News) - With the week ending on 03rd May, the price of Biodiesel in Indonesia fell by 1.3%, from USD 1170 per metric ton to USD 1155 per metric ton. This drop in price is largely attributed to a decrease in buying activities, reflecting a lower demand for Biodiesel. This demand drop coincides with a fall in the price of Palm oil, which is the primary raw material used to produce Biodiesel. Notably, Malaysian palm oil futures have shown a decrease due to reduced yields, a trend expected to continue into the near future. Although the prices of palm oil have decreased, leading to lower costs in producing Biodiesel, the prices have subsequently dropped. Both Indonesia and Malaysia, being the largest producers of palm oil, greatly influence the global market for this commodity. Their increased exports have led to a greater availability of palm oil, further driving down the production costs for Biodiesel producers in the region.

08/05/2024 (Biodiesel Magazine) - The City of Lincoln has been awarded funding from the Nebraska Soybean Board to begin incorporating B20 biodiesel in its municipal fleet.

07/05/2024 (The Star Online), Petaling Jaya - The recovery of Sarawak Plantation Bhd’s (SPB) crude palm oil (CPO) production is on track, backed by expected fresh fruit bunch (FFB) yield improvement, growing matured area and higher replanting activities for financial year 2024 (FY24), says Apex Securities Bhd.

06/05/2024 (New Straits Times) - IN Malaysia, palm oil production has reached its limit in cultivated areas. The limit is about six million hectares. As the country commits to the policy of maintaining at least 50 per cent forest cover, there is no more room to expand palm oil production.

06/05/2024 (XM), Singapore - Malaysian palm oil futures closed higher on Monday, tracking gains in rival soyoil prices, although concerns around key producer Malaysia's exports weighed.

05/05/2024 (The Economic Times) - Indian refined sunflower oil volumes are projected to witness a decline of 8-10 per cent in FY25 amid decline in demand of sunflower oil.

06/05/2024 (Daily News Tanzania), Tanzania - TANZANIA has the potential to grow its sunflower sector rapidly. With large, fertile tracts of land and a growing demand for edible oil, sunflowers can unlock real agricultural prosperity for smallholders.

04/05/2024 (The Star Online), Kuala Lumpur - Stern action will be taken against retailers, distributors and importers if they sell products with labels that discriminate against palm oil products, says Datuk Seri Johari Abdul Ghani.