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Palm oil prices seen at about 4,000 ringgit a ton in 2025, says Glenauk Economics
Palm oil windfall profit levy likely to raised in Budget 2025 – analyst
Indonesia’s palm oil sector worries over costs, security after EU deforestation law delay
Budget 2025 adjustments in export tax seen helping palm oil refining industry be more competitive
Malaysia urges EU lawmakers to ease deforestation rules, citing impact on small farmers
08/10/2024 (Malay Mail), Kuala Lumpur - Malaysia said today it hopes European lawmakers will be “more accommodative” on sustainable policies, following a proposal by the European Commission last week to delay the implementation of a law that would ban imports of products linked to deforestation.
ENOC Group unveils world’s first solar-powered biodiesel truck
07/10/2024 (Mobility Plaza) - ENOC Group has unveiled its world-first ENOC Link solar-powered biodiesel truck at the Water, Energy, Technology and Environment Exhibition (WETEX) 2024.
Competition in palm oil downstream segment to intensify
09/10/2024 (The Star), Petaling Jaya - The competition in the palm oil downstream segment may intensify in the second half of the year following the recent restructuring of tax policy in Indonesia, giving Indonesian downstream players an extra edge over their Malaysian counterparts.
CPO futures close higher amid Middle East tensions, crude oil rally
07/10/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, bolstered by strength in the crude oil market amid escalating tensions in the Middle East, said palm oil trader David Ng.
Malaysia to produce less palm oil – USDA attaché
08/10/2024 (Farmtario) - Palm oil production in Malaysia is projected to ease back in 2024/25 as compared to the previous year, said the United States Department of Agriculture (USDA) attaché in Kuala Lumpur.
How Malaysia’s palm oil industry is championing biodiversity conservation, a key pillar of ESG
07/10/2024 (The Edge Malaysia) - There is a growing focus on environmental, social and governance (ESG) practices in the palm oil industry, with Malaysia — one of the largest palm oil producers in the world — at the forefront of this movement. The country has pledged to conserve biodiversity and prevent illegal deforestation, committing to maintain at least 50% forest cover. True to its word, 54.9% of Malaysia remained forested as at December 2023, it published in the Fourth National Communication Report to the United Nations Framework Convention on Climate Change
Edible oils mission seeks to end import dependence
07/10/2024 (Policy Circle) - Edible oils mission: The government has taken a significant step to reduce the country’s dependence on imported edible oils. The Union Cabinet recently rationalised 18 centrally sponsored schemes of the agriculture ministry, with a total allocation of Rs 101,321 crore, into two key programmes. Among these is a National Mission on Oilseeds with an outlay of Rs 10,103 crore.
Pothole machine fuelled by vegetable oil returns
07/10/2024 (BBC) - A new machine that repairs potholes while being fuelled on vegetable oil will be deployed across all of a county's rural roads.
Solstad Offshore uses biodiesel in Norway bunkering operation
07/10/2024 (Manifold Times) - Solstad Offshore on Thursday (3 October) said it is now offering certified renewable biodiesel to its clients to decarbonise existing offshore vessels in the transition period towards zero-emission technologies in the future.