Archived News

27/07/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a downside bias next week due to weak demand, which may weigh on prices, said palm oil trader David Ng.

25/07/2024 (Bernama) – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the third consecutive day on Thursday, tracking weakness in the Chicago soybean oil market and weaker Dalian palm olein prices.

25/07/2024 (Reuters), Beijing - Malaysian palm oil futures fell for a third session on Thursday, weighed down by weaker competing edible oils and forecasts of higher output as traders shrugged off Indonesia's plan to raise its biodiesel content.

25/07/2024 (New Straits Times), Kuala Lumpur - The Ministry of Plantation and Commodities (KPK) will consider simplifying the loan process from banks to oil palm smallholders in the upcoming Budget 2025.

25/07/2024 (Morning Star), Manitoba - Intercontinental Exchange canola futures increased on Thursday, but with the upfront contracts fading from earlier gains.

25/07/2024 (Chemanalyst) - NATSO, which represents America’s travel centers and truck stops; SIGMA: America’s Leading Fuel Marketers; and the National Association of Convenience Stores (NACS) have praised a bipartisan group of lawmakers for introducing the “Biodiesel Tax Credit Extension Act of 2024.” This proposed legislation aims to extend the biodiesel blender’s tax credit and is sponsored by Representatives Mike Carey (R-Ohio), Claudia Tenney (R-NY), Ann Kuster (D-NH), and Mariannette Miller-Meeks (R-Iowa).

24/07/2024 (Malay Mail), Kuala Lumpur - The Ministry of Plantation and Commodities (KPK) said today the number of private smallholders who achieved Malaysian Sustainable Palm Oil (MSPO) certification was only at 73.88 per cent as of June 30.

24/07/2024 (The Edge Malaysia), Jakarta - Indonesia, the world's biggest palm oil producer, is testing fuel with a view to increasing to 40% from 35% the share of palm-oil blended into biodiesel next year, the energy ministry said.

24/07/2024 (Chemanalyst) - Market analysts are forecasting an increase in Palm Kernel Oil prices for the upcoming months, citing several factors influencing the commodity's supply and demand dynamics. This anticipated price rise for Palm Kernel Oil comes amid challenging planting conditions in key producing nations, including Malaysia, Indonesia, and Thailand. Industry experts point to a combination of weather-related issues, labor shortages, and global economic factors as the primary drivers behind the expected price surge for Palm Kernel Oil.

24/07/2024 (Business Recorder), Beijing - Malaysian palm oil futures ticked down for a second session on Wednesday as prospects of higher output in the world’s second largest producer outweighed strong demand.

24/07/2024 (ABP News) - Indian industries and the government have reportedly made unprecedented purchases of edible oils scheduled for delivery in July. Refiners have significantly boosted their procurement of palm oil and soy oil, driven by attractive pricing and in anticipation of potential import duty hikes, according to a Reuters report citing sources.

23/07/2024 (Reuters), Beijing - Malaysian palm oil futures gave up most of their early gains on Tuesday, as concerns surrounding India's annual budget outweighed support from strong July exports.