Archived News

Chinese biodiesel exports hit an all-time high of 119,000t in September, narrowly beating the previous record of 113,000t set in April, according to Global Trade Tracker.

Kernel, one of the largest Ukrainian agrarian groups, in the first quarter of 2021 fiscal year (FY), which began in July 2020, reduced sales of sunflower oil by 2% compared to the same period last FY, to 296,240 tonnes.

KUALA LUMPUR (Oct 26): A group of researchers at the Malaysian Palm Oil Board (MPOB) has successfully formulated margarine with palm oil-based structural fats suitable for refrigeration and non-refrigeration.

SINGAPORE, Oct 26 - Malaysian palm oil futures jumped 1.8% on Monday to one-and-a-half-week high, tracking gains in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade.

On Monday, the CME Group’s farm markets close mostly lower. At the close, the Dec. corn futures finished 1½¢ lower at $4.17½. March corn futures ended 1¾¢ lower at $4.18½.

KUALA LUMPUR (Oct 27): Fitch Solutions has revised up its 2020 palm oil price forecast to RM2,580 per tonne, from RM2,450 previously, as global palm oil production decreased and palm oil import demand from India and China recovered strongly.

SINGAPORE, Oct 27 - Malaysian palm oil futures fell on Tuesday as traders booked profits after prices hit a one-month high in the previous session, although losses were limited by more expensive rival oils elsewhere.

One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions from ships is to use biofuels or biofuel blends. Biofuels have very low sulphur levels and low CO2 emissions, as such they are a technically viable solution in meeting some of the current and future emission requirements. However, their NOx emissions might be higher than with fossil diesel oils and another immediate challenge is that the shipping sector still have limited knowledge on handling and applying biofuels as part of their fuel supply.

TOKYO/JAKARTA -- Palm oil prices are rising, due to recovering demand from China and India and labor shortages in producing countries as a result of the coronavirus pandemic.

KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) said oil palm plantation owners are willing to absorb all Covid-19 quarantine charges imposed by the government to overcome the current labour shortage, which is causing a 25% loss in palm oil yield.

KUALA LUMPUR: With crude palm oil (CPO) price currently trading around RM3,000 per tonne, Sabah stands to potentially lose RM900 million per month in revenue following the enforcement of new standard operating procedures (SOPs) to curb the Covid-19 pandemic surge.

Price of Nigeria’s palm oil is over 200 % highest above the global market, The Nation can authoritatively report.