Archived News

Brazil's National Petroleum Agency approved April 29 a proposal to shift biodiesel trading from the country's current public auction model to a hybrid model, starting January 2022.

Indonesia will stop both liquefied petroleum gas (LPG) and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said on Thursday.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied to post its biggest single-day gain and close at a 31-day high today, with the benchmark July contract hovering above the RM4,000 level.

Sustainable palm oil sounds great, doesn’t it? It will, for example, improve the livelihoods of smallholders and reduce the risk of land conversion, which potentially threatens wildlife, forests, and biodiversity.

Malaysian palm oil futures rose 1.65% on Tuesday, rebounding after two straight sessions of losses fuelled by fears of weaker demand from India as the world's top vegetable oil importer battles a surge in coronavirus infections.

Malaysian palm oil futures logged their biggest jump in 11 months to close 4.76% higher on Tuesday after falling for two straight days, tracking gains in US soyaoil prices.

Palm oil may bounce again to 3,945 ringgit, as it managed to stabilize around a support at 3,859 ringgit per tonne.

Indonesian state-owned refiner Pertamina has started offering renewable diesel for export but still needs to clear some obstacles to oblige potential buyers.

India’s agriculture industry is in a wait-and-watch mode amid the worsening pandemic situation, as localized lockdowns have stagnated market demand, while any subsequent stricter restrictions in the coming days are expected to slow down trading activity and disrupt supply operations.

Brazilian oilseeds lobby group Abiove is pushing the government to clearly signal whether it plans to raise its biodiesel blending requirement after a surprise move to temporarily cut it this month.

Soybean prices declined more than 3 per cent on Monday as traders trimmed their positions amid weak demand in the spot market.

Brazil produced 639.9 million liters of biodiesel in March, an increase of 16.3% from 550.3 million liters in March 2020, the ANP said. March's biodiesel production also advanced 21.9% from February's 524.9 million liters.