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Strong buying sentiment drives CPO uptrend at RM4,200
CPO prices forecast to dip amidst surplus soybean supply
Bullish outlook seen for Malaysian crude palm oil futures
Sunflower Processing in Ukraine Hits Three-Month High, Exports Drive Growth across the global market
Palm oil drops on profit-taking, lacklustre soy oils
19/03/2024 (XM), Jakarta - Malaysian palm oil futures shed early strength to edge lower on Tuesday, in the absence of no new catalysts in the market and weakness in Dalian and Chicago soy oils.
Oil palm industry affected after foreign worker recruitment quotas frozen — Minister
19/03/2024 (Selangor Journal), Kuala Lumpur - The oil palm industry is facing problems or is being affected after the government froze the hiring quota of foreign workers due to the surplus of foreign workers, which actually applies to the manufacturing and service sectors.
Inside a UAE plant, cooking oil turns into biofuel
19/03/2024 (The Nation Thailand) - This UAE plant is turning used cooking oil into biofuel. Dubai-based Lootah Biofuels hopes its biodiesel will help boost sustainable transportation in one of the world's major oil-producing countries.
Morocco launches plan to double vegetable oil production
19/3/2024 (Atalayar) - Morocco's Professional Federation of Olive Oil Producers announced an ambitious plan to increase the yield of oil-producing plants to 60,000 hectares in order to guarantee food security from edible oils, considered a staple food in the country.
Palm oil tracks rival oils higher; output expectations, exports cap gains
18/03/2024 (XM), Jakarta - Malaysian palm oil futures climbed higher on Monday as stronger rival oils helped boost prices, but smaller-than-expected export volumes and higher output estimates in certain regions capped gains.
EU palm oil spat sours relations with Malaysia, Indonesia
18/03/2024 (DW) - A World Trade Organization (WTO) panel ruled earlier this month on a complaint brought by Malaysia against the European Union over the bloc's plans to phase out the import of palm oil as biofuel because of environmental concerns.
Malaysian palm oil producers welcome expected delay in EUDR regulations
18/03/2024 (Confectionery Production) - Palm oil producers in Malaysia have reportedly welcomed plans from the EU that would see a delay in implementing its much-publicised deforestation regulation policies that have met with fears in South East Asia and Latin America over elevated costs for farmers, reports Neill Barston.
Soybean oil futures now available for trading on Bursa Malaysia Derivatives
18/03/2024 (The Edge Malaysia), Kuala Lumpur - Bursa Malaysia Derivatives Bhd (BMD) has commenced trading of the Bursa Malaysia DCE Soybean Oil Futures (FSOY) contract, the first non-palm-based edible oil futures contract listed on the exchange.
Brazil’s Chamber of Deputies approves proposal to raise biodiesel mandate to 20% in 2030
18/03/2024 (Fastmarket) - The Brazilian Chamber of Deputies approved late Wednesday the Fuels of the Future proposal that increases the rate of mandatory blending of biodiesel in diesel.