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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Australia Ships 375,480 Tonnes of Canola Overseas in August
15/10/2024 (Chemanalyst) - Australia exported 375,480 tonnes of canola in August, according to the Australian Bureau of Statistics, as reported by Grain Central. This figure shows a slight decline from the 386,034 tonnes shipped in July but remains above the 358,677 tonnes exported in August last year. The data highlights Australia’s strong performance in canola exports, which concluded a record-setting year on September 30, 2023, with a total shipment of 6 million tonnes.
Decline in biodiesel use, according to new figures
15/10/2024 (Biofuels International) - The consumption of biodiesel in June 2024 decreased 3% tonnes month-on-month to 197,700 tonnes, according to the Federal Office for Economic Affairs and Export Control (BAFA).
Need to raise palm oil yields
15/10/2024 (The Sun) - MANY have read the coverage of palm oil in the business press recently, and I want to deal with one aspect of it here, a point I have valued highly.
Palm oil rises on speculative buying, short covering
14/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose on Monday, supported by a combination of speculative buying and short covering, although gains were capped by weaker crude oil prices.
Premier: S’wak hopes to be major player in mechanised oil palm harvester production
14/10/2024 (Borneo Post Online), Kuching - Sarawak hopes to become a major player in the production of mechanised oil palm harvesters, following the unveiling of the ‘Lipan’ harvester in Miri recently, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
Daabon launches carbon-neutral palm oil
14/10/2024 (Ofi Magazine) - Daabon UK, part of the Daabon Group, has launched a carbon-neutral organic palm oil range.
Bangchak buys used cooking oil for jet fuel
15/10/2024 (Bangkok Post) - SET-listed energy conglomerate Bangchak Corporation intends to collect a large amount of used cooking oil for use as a raw material for its commercial production of sustainable aviation fuel (SAF) next year.
CoBank: Biobased diesel feedstock imports impact domestic soybean oil demand
15/10/2024 (Biodiesel Magazine) - Soybean oil use for biobased diesel production reached a near-record high in June, but demand for soybean oil feedstock continues to face headwinds from rising imports of used cooking oil (UCO) and tallow, according to CoBank’s latest Quarterly Research Report, released Oct. 10.
Used Cooking Oil Futures On Bursa Malaysia’s Horizon
11/10/2024 (Business Today) - Bursa Malaysia has confirmed plans to introduce a new futures contract for used cooking oil, pending negotiations with the industry and regulatory approval.
