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CPO futures end higher on worries over weaker palm oil production
CPO prices set to trade between RM3,800 and RM4,200 per tonne in 2H2024, says MPOC
Palm oil set to rise in 2H as La Nina poses supply risk
CPO prices stay above RM4,000 for second straight day
CPO Futures Close Lower, Tracking Weakness in Soybean Oil
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.
Palm oil extends falls on higher output estimates, weaker rivals
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.
Ministry mulls easing loan process for oil palm smallholders in Budget 2025
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.
ICE Review: Canola Bumps Up Due to Chicago Beans, Meal
25/07/2024 (Morning Star), Manitoba - Intercontinental Exchange canola futures increased on Thursday, but with the upfront contracts fading from earlier gains.
Fuel Retailers Praise House Bill to Extend Biodiesel Tax Credit
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).
Only 74pc of oil palm smallholders achieve MSPO certification, says Plantation Ministry
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.
Indonesia plans increase in palm oil-based biodiesel in 2025
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.
Palm Kernel Oil Prices Expected to Rise in July, Experts Say
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.
Palm oil eases on higher supply prospects; strong demand limits
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.