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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
Uptick in Demand Lifts Crude Palm Oil Futures By 0.91%
23/08/2017 (Business Standard) - Amid pick up in domestic demand at the spot market, restricted supplies from producing belts, crude palm oil prices went up by 0.91 per cent to Rs 519 per 10 kg in futures trade today as speculators created fresh positions.
VEGOILS-Market Factors to Watch August 22
22/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
Rotterdam Vegetable Oil Prices
22/08/2017 (Reuters) - The following were Monday's Rotterdam vegetable oil prices at 1600 GMT:
VEGOILS-Palm Pulls Back From One-Week High
21/08/2017 (Reuters) - Malaysian palm oil futures were flat during the midday break on Monday, paring gains after climbing to a one-week high due to weaker export data from a cargo surveyor.
Malaysia Reiterates Commitment To Sustainable Palm Oil Industry Practices
22/08/2017 (Bernama) - Malaysia has reiterated its commitment to practise the 3-P pillars of sustainable palm oil industry, namely, People, Planet and Profit, to overcome various challenges in the global market, including the European Union (EU) Parliament´s resolution on palm oil and deforestation.
Shipping Activity at Port Qasim
22/08/2017 (Pakistan Observer) - Brisk shipping was observed at the port where five ship C.V MSC pina, C.V CMA CGM Narmaca, M.V E-Trader, M.T Tiama Gas M.T and Tom Val Brog carrying containers, Steel product LPG and Furnace oil were arranged berhting at Qasim International Container Terminal, Multi Purpose Terminal, SSGC Terminal and FOTCO Oil Terminal respectively on Sunday,August 20.
RI, Uzbekistan to Enhance Cooperation in Agriculture
22/08/2017 (ANTARA) - Indonesia and Uzbekistan will enhance bilateral cooperation in agriculture, as the two countries have huge potential in the sector.
Edible Oils Remain Firm
22/08/2017 (Hindu Business Line) - Under current in edible oils market remained firm on Monday despite ease month end physical demand. Sources said as physical demand remained thin and isolated. Stockiest preferred to fulfill old commitments as supply of imported oils remained sufficient. Re- entry of monsoon rain in major producing states Northen states, Maharashtra, Gujarat and Madhya Pradesh has increased the prospects for Kharif crops. However as per agriculture ministry till last week area under oilseeds crops was down by 10.13 percent to 157.36 lh (last year 175.10 lh).
Malaysia to Keep Its Palm Oil Export Duty Rate Unchanged in September
21/08/2017 (UkrAgroConsult) - Malaysia, the world’s second palm oil producer after Indonesia (in physical terms), will keep the export duty rate unchanged at 5.5% in September, Reuters news agency reports.
