Archived News

14/04/02024 (Yahoo News) - UK households are being warned that they could be paying up to £16 for a two-litre bottle of olive oil, amid rising grocery and food inflation. This is a significant increase from the £7 that the same bottle cost two years ago.

12/04/2024 (SUR in English) - First it was Spain's non-government organisation for consumer action (Facua-Consumidores en Acción) that warned in a recent study of price hike for extra virgin olive oil (EVOO) in just one year - a year-on-year increase of 72.8% from February 2023 to February 2024. Now the organisation of consumers and users association (OCU) is also flagging up the increasing price trend for this product, which has continued to rise in the first quarter of this year. In the past three years EVOO has experienced a 225% increase in price (from December 2020 to December 2023).

09/04/2024 (BBC News) - A Surrey council is set to use cooking oil and waste fat to power its fleet of nearly 80 vehicles, in an effort to tackle climate change.

11/04/2024 (Alliance News) - Dekel Agri-Vision PLC on Thursday said it is on track to deliver strong first half results after it reported a boost in production at its Ayenouan palm oil project in the Ivory Coast.

11/04/2024 (Money Control) - India is the world's largest consumer and importer of edible oils. With the rise in global prices of palm oil, the demand for soft oils -- sunflower and soyabean oil -- has increased in the last two months

12/04/2024 (Biodiesel Magazine) - A biorefinery in Sweden developed as a joint venture between Nordic energy group St1 and Swedish forest products company SCA on April 10 commenced commercial operations to produce sustainable aviation fuel (SAF), renewable diesel, and biobased naphtha and LPG

12/04/2024 (The Western Producer), Saskatoon - Canada’s canola oil is facing stiff competition from used cooking oil (UCO) and tallow in renewable diesel markets.

08/04/2024 (The Edge Malaysia), Kuala Lumpur - The production of palm oil is expected to normalise in June this year, after it was hit by the El Niño weather phenomenon and will thus start to moderate the price of crude palm oil (CPO), according to IOI Corp Bhd managing director and chief executive officer Datuk Lee Yeow Chor.

08/04/2024 (Chemanalyst) - According to recent estimates by market analysts, Ukraine signifying one of the major exporters of Sunflower and its downstream Sunflower oil to the global market witnessed a notable surge in Sunflower processing during the entire month of March, reaching a three-month high of nearly around of 1.49 million tonnes. This marks a significant 9% increase compared to February and a robust about 10% rise from March 2023 figures. The cumulative processing of Sunflowers in Ukraine for the first seven months of the 2023/24 marketing year has also seen substantial growth, totaling nearly around 9.3 million tonnes. This represents an 11% surge compared to the same period in the previous season, reaching the highest level recorded in the past three seasons and approaching pre-war figures of about 9.6-10.5 million tonnes in the September-March timeframe.

08/04/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the third straight day on Monday in line with the weaker rival soybean oil as well as palm olein futures on the Dalian Commodity Exchange, which weigh on market sentiment.

08/04/2024 (PR Newswire), Kuala Lumpur - Nearly two decades ago, the European market marked a milestone in the global trade of palm oil when a shipment of barrels bearing the Roundtable on Sustainable Palm Oil (RSPO) trademark arrived in Rotterdam, the Netherlands on 11 November 2008. The shipment, originating from Malaysia, contained the world's first cargo of certified sustainable palm oil (CSPO).

08/04/2024 (The Indian Express), Nizamabad - The palm oil based biodiesel unit, Renjarla Energy Pvt Ltd., utilising automotive technology has been facing significant challenges in sourcing raw materials from various places, hindering production continuity. Due to this, entrepreneurs are unable to continue production and increase their business as per market demand.