Archived News

07/08/2024 (The Edge Malaysia), Jakarta - Indonesia is carrying out tests ahead of plans by the incoming government to increase the palm oil-based biodiesel blending mandate to 50%, from 35% now, a government official said, raising industry concerns over supplies for exports.

07/08/2024 (Finance Feeds) - Interactive Brokers has opened access to listed derivatives on Bursa Malaysia, which has been actively promoting growth and participation from retail investors, especially the younger generation.

07/08/2024 (Olive Oil Times) - Olive oil prices around the world have reached historic highs due to poor harvests caused by drought and high springtime temperatures in key producing countries, most notably Spain.

06/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to end on a low note on Tuesday due to weakness in the Chicago soybean oil market, said palm oil trader David Ng.

06/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures extended losses for a second session on Tuesday to close at their lowest in seven months, as weakness in rival Dalian and Chicago contracts weighed.

06/08/2024 (Forbes) - Researchers in Colombia are using deep learning models to predict the ripeness of oil palm fruit, helping to increase efficiency.

06/08/2024 (Barchart) - Soybean bulls couldn’t manage to pull out strength on Tuesday, as price action turned around from Monday’s gains, with losses of 12 to 16 cents. Soymeal futures were down $8.20/ton in the September contracts, with August down $12.70/ton. Soy Oil futures were down 17 to 26 points.

06/08/2024 (Reuters), Buenos Aires - Two unions of soybean oil factory workers in Argentina announced a strike over wages on Tuesday, halting activity in one of the world's largest exporting hubs for processed soybeans.

06/08/2024 (Biofuels International) - According to a new report from the USDA the production of renewable diesel in the US has grown from 40 million gallons in the 2010/11 marketing year to 2.3 billion gallons in 2022/23 - surpassing biodiesel production for the first time.

06/08/2024 (The Hindu) - M11 Industries Private Limited, a subsidiary of M.K. Agrotech Private Limited,commenced operations at its biodiesel plant in Padubidri, Udupi district of Karnataka. The state-of-the-art facility is established under the ‘Make in India’ initiative with an investment of ₹350 crore. The company claims that the plant is the largest in India.

05/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell more than 3% on Monday to their lowest closing price in six months, as weaker crude oil prices and a stronger ringgit weighed on the market.

05/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives slipped on Monday, driven by bearish global sentiment and a sell-off in the equities market, said palm oil trader David Ng.