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FGV Holdings Bhd announced that it will be taking a systematic approach upon receiving the withhold release order (WRO) issued by the US Custom and Border Protection (CBP) by eliminating practices indicative of labour exploitation.

U.S. ethanol exports in October rocketed 64% higher to 126.5 million gallons (mg), the largest volume since March, according to Ann Lewis, Renewable Fuels Association Senior Analyst. Shipments crossing the border to Canada rebounded by 11% (35.6 mg), equivalent to 28% of total U.S. ethanol exports. The Netherlands purchased record gallons (24.2 mg) while sales to South Korea jumped to the largest monthly volume this year (15.0 mg). Other larger markets included India (11.6 mg), Colombia (11.1 mg), Norway (6.6 mg, a record high), Finland (3.8 mg), Nigeria (3.8 mg), Peru (3.5 mg), and Mexico (3.4 mg). Exports to Brazil were minimal for the fifth straight month. Global year-to-date exports of U.S. ethanol totaled 1.109 billion gallons, or 9% less than this time a year ago.

Jakarta, CNN Indonesia - Kementerian ESDM melalui Direktorat Energi Baru, Terbarukan, dan Konservasi Energi (EBTKE) menetapkan harga Indeks Pasar Bahan Bakar Nabati (HIP) Jenis Biodiesel yang dicampurkan ke dalam bahan bakar minyak (BBM) sebesar Rp9.505 per liter pada Desember 2020. Harga tersebut naik Rp176 per liter dari November, Rp9.329 per liter.

THE European Union (EU) initially banned palm oil for use in biofuels out of a concern that oil palm cultivation accelerated deforestation and global warming.

The Soybean Processors Association of India (SOPA) has urged the Government to maintain the existing duty structure on soybean oil and sunflower seed oil.

Malaysian palm oil futures firmed after a volatile trading day on Thursday, helped by estimates of a steep drop in November production and news of top buyer Indonesia hiking its crude palm oil levy

THE ringgit is expected to continue strengthening to the 4.00 level next year on the back of a recovering economy helped by the distribution of vaccines to combat the Covid-19 pandemic, stronger energy prices and fund inflows.

Palm oil demand may be restrained next year, as supply shortages triggered by unfavourable weather, infrastructure issues and the Covid-19 pandemic push prices up further, analysts told a virtual palm oil conference on Thursday.

Crude palm oil (CPO) futures traded firm at Rs 880.20 per 10 kg on December 3 as participants increased their long position as seen by the open interest. Malaysian palm oil futures gained 0.39 percent to settle at 3,329 Ringgits on Bursa Malaysia Bhd

Malaysia's palm oil inventory was likely to have fallen 2% month-on-month (m-o-m) to 1.54 million tonnes at end-November, the lowest for the month since 2004, due to lower production, said CGS-CIMB Research.

Huge import of soybean oil from Nepal is hurting the domestic refiners and farmers and is causing revenue loss to the government, the Solvent Extractors'' Association of India (SEA) said on Thursday.

The move follows the rise in CPO export duty on Nov. 30. The export duty was raised to $33/mt from $3/mt, as the reference price on CPO exports in December was calculated higher at $870.77/mt.