Archived News

08/12/2022 (Reuters), Paris - The share of palm oil in biodiesel and in food in the European Union is expected to fall significantly within the next 10 years, leading to a sharp drop in imports, the European Commission said on Thursday.

08/12/2022 (The Star Online), Petaling Jaya - The price of crude palm oil (CPO) is likely to remain firm as the local estates enter into the low-production season amid strong demand due to the upcoming Christmas and Chinese New Year festivities, says CGS-CIMB Research.

06/12/2022 (The Edge Markets) - Palm oil has dropped to the lowest in two weeks following further losses in rival soybean oil after the Biden administration published last week a proposal for biofuel-blending mandates that were lower than expectations.

08/12/2022 (Antara News), Jakarta - The environmental organization World Wide Fund (WWF) is encouraging sustainable palm oil trade between Indonesia and China given its relatively large volume and impact on the sustainability of agricultural production and the environment.

07/12/2022 (Business Recorder) - Commenting on the rapid rise in the import bill of soybean grain in April 2021, BR Research noted that “policymakers can no longer ignore talking about the forbidden s-word in agriculture”. 18 months later, soybean grain imports have finally made it to the news. How did this unknown commodity go from near zero to Pakistan’s 10th largest item on import bill in just six years, and why is it now making headlines?

08/12/2022 (Hellenic Shipping News) - China imported 7.35 million tonnes of soybeans in November, down 14% from a year earlier, customs data showed on Wednesday, confounding expectations for a significant rise, after slow clearing of cargoes at customs.

08/12/2022 (Business Recorder), Jakarta - Malaysian palm oil futures gave up early gains to log a second straight session of declines on Thursday, weighed down by losses in rival Dalian oils and Indonesia’s smaller biodiesel blend plan.

07/12/2022 (The Star Online), Kota Kinabalu - A pioneering partnership between a non-governmental organisation and an oil palm plantation in Malaysia was selected as one of the 15 finalists for The Earthshot Prize 2022, the world’s most prestigious environmental prize led by Prince William and the Royal Foundation.

06/12/2022 (Baking Business), Kansas City - The US Environmental Protection Agency (EPA) surprised the vegetable oils industry with its lower-than-expected proposed Renewable Fuels Standard (RFS) on Dec. 1. The CME Group’s spot soybean oil future tumbled 9% the day of the announcement and dropped further in subsequent sessions.

07/12/2022 (The Malaysian Reserve) - KUALA LUMPUR – Bursa Malaysia was lower in the early trade today, taking its cue from the weak Wall Street performance overnight as traders are concerned about a potential hard landing for the United States’ economy amid fresh recessionary fears.

06/12/2011 (Nasdaq), Jakarta - Malaysian palm oil futures fell on Wednesday after the European Union agreed on a new law to prevent companies from selling into its market commodities linked to deforestation.

06/12/2022 (Biofuels Digest) - In France, the International Energy Agency says biodiesel, renewable diesel and biojet fuel producers are headed for a feedstock supply crunch during 2022-2027 if current trends do not change. In its main analysis case, demand for vegetable oil, waste and residue oils and fats increases 56% to 79 million tonnes over the forecast period. Fuels made from wastes and residues are in particularly high demand because they satisfy GHG and feedstock policy objectives in the United States and Europe. In fact, wastes and residues are expected to be used for 13% of biofuel production in 2027, up from 9% in 2021.