Archived News

25/04/2024 (Free Malaysia Today), Petaling Jaya - The EU’s commissioner for environment and fisheries has commended Malaysia’s efforts to bring deforestation levels down to an “unprecedented low”.

25/04/2024 (XM), Singapore - Malaysian palm oil futures extended losses to a second consecutive sessionon Thursday, weighed down by weakerrival edible oils and higher production in key palm producing countries.

25/04/2024 (The Edge Malaysia), Jakarta - The Council of Palm Oil Producing Countries (CPOPC) has called on the European Union to delay the implementation of deforestation rules by at least a year for small businesses, its secretary general said on Thursday.

05/04/2024 (Daily Express), Telupid - The Government has allocated RM100 million for the implementation of the Small Palm Oil Smallholder Replanting Financing Incentive Scheme (TSPKS 2.0) for 2024.

26/04/2024 (South China Morning Post) - Chinese researchers have developed a new rapeseed variety that improves upon typical yields by roughly 50 per cent, an innovation that will aid the country as it looks to buoy its self-sufficiency in vegetable oils and guard against unexpected disruptions to production.

25/04/2024 (The Star), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will analyse research projects and issues in the local oil palm industry to ensure that it will continue to drive growth and progress towards a lucrative and sustainable future.

24/04/2024 (The Edge Malaysia), Kuala Lumpur - United Plantations Bhd’s (UP) net profit grew 18.54% year-on-year to RM132.87 million for the first quarter ended March 31, 2024 (1QFY2024), mainly due to a sharp drop in finance cost, on the back of slightly higher revenue, thanks to higher crude palm oil (CPO) and palm kernel (PK) prices.

25/04/2024 (Daily Times) - Edible oil imports including soyabean and palm into the country during the first three quarters of the current financial year increased by 53.07 per cent and 28.55 per cent respectively as compared to the imports of the corresponding period of the last year.

24/04/2024 (News Wires) - 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.

25/04/2024 (69 News) - L. MACUNGIE TWP., Pa. -- Mack Trucks is using "renewable diesel" to help reduce its carbon footprint in the Lehigh Valley.

23/04/2024 (Business Recorder), Singapore - Malaysian palm oil futures extended gains on Tuesday amid hot weather in key producer Malaysia, with strong export data and firmer rival oil prices lending support.

24/04/2024 (Biodiesel Magazine) - The USDA on April 23 awarded more than $43 million in grants through the Higher Blends Infrastructure Incentive Program to support projects that will increase the availability of domestic biofuels in 15 states.