Archived News

02/04/2024 (Bangkok Post) - Tri Petch Isuzu, the local distributor of Isuzu vehicles, is working with PTT Plc to jointly test vehicles powered by a new clean fuel to support a campaign to cut carbon dioxide emissions, which are high in Thailands’s transport sector.

02/04/2024 (Biodiesel Magazine) - U.S. biofuels operable production capacity was unchanged in January, according to data released by the U.S. Energy Information Administration on March 29. Total feedstock consumption was down when compared to the previous month.

29/03/2024 (New Straits Times), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd (MKHOP) aims to generate RM136.4 million from its initial public offering (IPO).

29/03/2024 (New Straits Times), New Delhi - Malaysian palm oil futures rose on Friday, mirroring gains in rival soyoil, to reverse losses in the previous two sessions.

31/03/2024 (Daily Express) - Strategies for ensuring food safety of palm oil should be intrinsically linked to sustainability. One of the most significant issues facing the palm oil industry is the environmental impact of large-scale production.

31/03/2024 (Nairametrics) - Okomu Oil Palm Company Plc has reported a pre-tax profit of N33.84 billion in FY 2023, representing a 44% growth from N23.52 billion in FY 2022.

01/04/2024 (The Star), Kuching - Rimbunan Sawit Bhd will undertake a series of short-to-medium term measures to beef up crop production and yield of its loss-making oil palm plantations.

28/03/2024 (Free Malaysia Today), Petaling Jaya - The implementation of the palm oil smallholder cluster model can contribute an additional 9 million tonnes of fresh fruit bunches (FFB) producing roughly 1.8 million tonnes of crude palm oil if all the 1.5 million hectares of land that belong to smallholders can be consolidated into clusters of 10,000 hectares, said plantation and commodities minister Johari Ghani.

29/03/2024 (Reuters), Kuala Lumpur - Malaysia says it will closely monitor how the European Union responds to a World Trade Organization ruling that supported the bloc’s stance that biofuel causing deforestation cannot be regarded as renewables but sought changes in how it implemented that decision.

27/03/2024 (Malay Mail), Kuala Lumpur - Fitch Ratings foresees that Malaysia’s benchmark crude palm oil (CPO) prices will weaken from the second quarter of 2024 (2Q 2024) due to a higher supply of vegetable oil globally.

29/03/2024 (Manitoba Co-Operator) - Since March 1, the May contract for the oilseed has moved up nearly $50 per tonne on the Intercontinental Exchange, including a gain of $19.70 during the week ended March 21.

28/03/2024 (Antara News), Jakarta - Coordinating Minister for Economic Affairs, Airlangga Hartarto, has said that Indonesia is dominating global palm oil exports, accounting for 54 percent of world palm oil supplies.