Archived News

Bulgaria has extended its import ban on Ukrainian sunflower seed (SFS) until the end of November. But Ukrainian companies continue to make deals with Bulgarian buyers, awaiting the resumption of trade in December, supported by the local crushing industry's needs.

On Sept. 28, the Iowa Renewable Fuels Association launched the latest round of its statewide On-Farm Biodiesel Credit program to give back to farmers dedicated to using higher biodiesel blends. Farmers who are buying higher biodiesel blends can receive up to 50 cents per gallon. To be eligible, farmers must be filling an on-farm tank in Iowa being used in an agricultural operation.

01/10/2023 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a slight upward bias this week due to the recent strength in the crude oil market, said palm oil trader David Ng.

01/10/2023 (The Edge Malaysia), Kuala Lumpur/Jakarta - Across swathes of Southeast Asia, maturing palm oil trees, some as tall as a 12-storey building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere.

02/10/2023 (EurAsia Review) - On May 16 2023, the European Union (EU) passed the European Union Deforestation Regulation (EUDR) regarding deforestation and prohibiting environmentally unfriendly products. One of the commodities affected is Indonesia’s main product, palm oil; palm oil could not enter 27 European countries. In the EUDR, exporters such as Indonesia must submit due diligence and verification documents. In addition, Indonesia must guarantee that palm oil does not come from deforestation areas starting January 1, 2021.

01/10/2023 (Hellenic Shipping) - Malaysian palm oil is expected to trade between 3,700 to 4,500 ringgit ($790-960) per metric ton from now until mid-2024, as an El Niño weather pattern threatens supplies amid rising demand from the food and biodiesel sectors, industry analyst Dorab Mistry said.

28/09/2023 (Jakarta Globe), Mumbai - Indonesia and Malaysia are determined not to lose the palm oil market in India, the biggest importer of the commodity, due to perceptions of their products being unsustainable.

28/09/2023 (Malay Mail) - Malaysia’s palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino weather pattern, the Malaysian Palm Oil Board (MPOB) said on Thursday.

28/9/2023 (The Edge Malaysia), Mumbai - Crude palm oil (CPO) prices in 2024 are likely to average at least 11% more than this year as El Nino weather patterns are expected to reduce output in top producer Indonesia, the Indonesian Palm Oil Association (GAPKI) said on Thursday.

27/09/2023 (The Edge Malaysia), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will organise the International Palm Oil Congress and Exhibition (Pipoc) 2023, the world’s largest oil palm congress and exhibition, from Nov 7-9, 2023, at the Kuala Lumpur Convention Centre.

27/09/2023 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher, tracking the strength in the Chicago Board of Trade (CBOT) soybean oil market, a dealer said.

27/09/2023 (Antara News), Mumbai - Deputy Trade Minister Jerry Sambuaga said on Wednesday that discrimination against Indonesia's palm oil hampers the country's national interests.