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Middle East conflict boosts demand for alternative fuels
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia plans phased expansion of biodiesel programme, minister says
Relook edible oil policy
Earlier, this month, India raised import tax on crude and refined palm oil to the highest level in more than a decade, as the world’s biggest edible oil importer tried to support local farmers. The duty increase is supposed to lift oilseed prices and encourage domestic supply for crushing, helping cap edible oil imports in the 2017-18 marketing year that started on November 1.
Palm oil company commissions 11,400 hectares plantation in Edo state
Riding on the wind of a conducive investment climate guaranteed by the Governor Godwin Obaseki-led government in Edo State, Okomu Oil Palm Company Plc has commissioned an 11,400-hectare oil palm plantation covering over 10 communities in the state.
Palm rises on overnight gains in US soyoil, technical correction
KUALA LUMPUR (March 14): Malaysian palm oil futures hit a one-week high in early trade on Wednesday, supported by overnight gains in soyoil on the Chicago Board of Trade and on technical correction after the tropical oil fell to a more than one-and-a-half-year low earlier this week.
CPO production expected to still improve
Maintain neutral: Malaysia’s February crude palm oil (CPO) production increased by 6.7% year-on-year (y-o-y) to 1.34 million tonnes due to an improvement after the lagged effect of the El Nino phenomenon that badly affected production in 2016. However, on a month-on-month (m-o-m) basis, production was down for a fourth consecutive month, declining by 15.4% m-o-m in February, due to seasonal factors.
Palm oil may bounce further to 2,459 ringgit
SINGAPORE (March 15): Palm oil may bounce further to 2,459 ringgit per tonne, as suggested by a retracement analysis.
Last chance to prevent EU discriminatory path
KUALA LUMPUR: Palm oil industrial players have their last chance to prevent the move to phase out palm oil-based biofuels by the European Union (EU) if it were to continue the discriminatory path, said the Malaysian Palm Oil Council (MPOC).
Malaysian palm oil price rises to 1-week top on overnight soyoil gains
KUALA LUMPUR: Malaysian palm oil futures hit a one-week high in trade on Wednesday, bouncing back from a more than one-and-a-half-year low earlier this week, supported by overnight gains in soyoil on the Chicago Board of Trade.
Palm oil rises
Malaysian palm oil/Vegoils: Market factors to watch Wednesday Mar 14
KUALA LUMPUR The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday March 14.
