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Can palm biodiesel provide quick relief for Malaysia amid Iran war?
A delicate balance for biodiesel mandate
Malaysia plans phased expansion of biodiesel programme, minister says
CPO Futures Close Slightly Higher, Tracking Gains In Soybean Oil Prices
Commodities Buzz: Malaysia Palm Oil Exports To Surge After Duty Free Exports
As per official data, Malaysia may see its palm oil exports increase after its government suspends export taxes on crude palm oil (CPO). Malaysian Plantation Industries and Commodities Minister Mah Siew Keong announced recently the suspension of export taxes on CPO for three months from January 8 Monday to April 7, in a bid to boost palm oil prices and reduce high stockpiles.
Palm oil export revenue poised to hit RM80b in 2018
KUALA LUMPUR: Malaysia’s palm oil export earnings are poised to hit RM80 billion this year, according to the plantation industries and commodities ministry.
Uggah fears impact of EU ban on palm oil producers
KUCHING: Deputy Chief Minister Datuk Amar Douglas Uggah Embas said Sarawak palm oil producers are now under threat from the European Union (EU) ban.
Palm oil futures rebound
KUALA LUMPUR: Palm oil futures rose nearly 1 per cent on Wednesday, rebounding from a sharp drop in the previous session, as strong export data from a cargo surveyor supported market gains. Palm oil was up earlier on a weaker ringgit and gains in crude oil prices.
Palm oil may retest support at 2,577 ringgit
SINGAPORE (Jan 11): The palm oil third-month contract may retest a support at 2,577 ringgit per tonne, as suggested by its wave pattern and a Fibonacci retracement analysis.
Act now against EU ban
A LOT has been written about the anti-palm oil campaigns that are currently underway in Europe. Two facts are really all you need to know.
European vegoils-Palm oil edges up despite bearish stocks report
ROTTERDAM: Palm oil on the European vegetable oils market edged higher on Wednesday, tracking an unexpected rise in Malaysian palm oil futures following bearish industry data.
Crude palm oil futures advance on rising demand
Crude palm oil prices gained 0.25 per cent to Rs 561.30 per 10 kg in futures trade today as speculators engaged in enlarging positions, tracking a firm trend at spot market on rising demand. At the Multi Commodity Exchange, crude palm oil for delivery in January contracts gained Rs 1.40, or 0.25 per cent, to Rs 561.30 per 10 kg in business turnover of 36 lots. On similar lines, the oil for delivery in February contracts was trading Rs 1.30, or 0.23 per cent, higher to Rs 564.20 per 10 kg in 17 lots. Analysts said expanding of positions by participants on the back of surging demand in the physical market against tight stocks positions on fall in supplies from producing regions kept prices higher.
EU heading for ‘zero palm oil’ in transport by 2021
Lawmakers are considering a complete phase out of palm oil in transport fuels by 2021 – a proposal which has garnered support from the biggest political groups in the European Parliament ahead of a key vote next week, EURACTIV can confirm.
