Archived News

18/04/2024 (Reuters), Beijing - Malaysian palm oil futures firmed in range-bound trade on Thursday but remained near their lowest level in more than sixweeks, squeezed by expectations of slowing demand after the end of the Eid al-Fitr festive season.

18/04/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the fifth consecutive day, said palm oil trader David Ng.

18/04/2024 (The Korea Economic Daily) - HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy business at home and abroad.

18/04/2024 (Biodiesel Magazine) - Meridian Energy Group Inc., the developer of a proposed greenfield oil refinery in Belfield, North Dakota, on April 16 announced that the facility will have the ability to co-process up to 4,000 barrels per day vegetable oil.

17/04/2024 (Elblog) - An ambitious project powered by Artificial Intelligence (AI) is underway, spearheaded by the Consumer Electronics Innovation Group (AEI) of the olive oil supplier sector, Inoleo. Their objective is to utilize AI technology to precisely determine the best time to harvest olives to produce olive oil of the highest quality. This endeavor, known as Behtool, secured financial support from the Ministry of Industry and Tourism as part of their 2023 initiative to boost the competitiveness of Spanish industry.

17/04/2024 (The Edge Malaysia), Kuala Lumpur - The recent spike in crude palm oil (CPO) prices echoes the commodity boom of 2021/22, as supply constraints from lower palm oil production and robust consumer demand push prices up.

16/04/2024 (The Sun), Kuala Lumpur - Malaysia’s total palm oil stocks were reduced by 10.68% to 1.71 million tonnes in March from 1.92 million tonnes in February, according to the Malaysian Palm Oil Board (MPOB).

16/04/2024 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) price is expected to start tapering off when the commodity's seasonal output recovery takes place.

17/04/2024 (Newswires), Noida - According to a new study published by Knowledge Sourcing Intelligence, the non-GMO soybean market is projected to grow at a CAGR of 3.58% between 2022 and 2029 to reach US$73.701 billion by 2029.

17/04/2024 (Market Screener), Winnipeg -The ICE Futures canola market incurred more losses Wednesday morning due to declines in comparable oils.

16/04/2024 (Malay Mail), Kuala Lumpur - Crude palm oil (CPO) prices, which surged in March 2024 to hit a peak of RM4,327 a tonne, are expected to move within a stable range of RM4,000 to RM4,200 a tonne this month, according to the Malaysian Palm Oil Council (MPOC).

16/04/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures extended losses for a third straight session on Tuesday, closing at its lowest in nearly six weeks in anticipation of improving production and softer demand.