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MARKET DEVELOPMENT
12-09-2023

VEGOILS-Palm opens up ahead of MPOB data after weekly drop

11/09/2023 (Nasdaq) - Malaysian palm oil futures opened higher on Monday after a drop last week ahead of the much-anticipated Malaysian Palm Oil Board (MPOB) data later in the day, supported by stronger Dalian and Chicago Board of Trade (CBOT) rival oils.

MARKET DEVELOPMENT
11-09-2023

Windfall profit levy review, oil palm replanting among agenda at MPOA’s inaugural conference

09/09/2023 (The Edge Malaysia), Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) is set to hold its first ever National Palm Oil Conference 2023 next month, for stakeholders to discuss crucial issues and emerging trends in the palm oil sector.

MARKET DEVELOPMENT
11-09-2023

MPOB: Global tocotrienol market to grow 7.2pc by 2024

10/09/2023 (Malay Mail), Kuala Lumpur - The global tocotrienol market is expected to grow at a compound annual growth rate (CAGR) of 7.2 per cent by 2024 from 530.4 tonnes in 2015, with the Asia Pacific region being the biggest market, according to the Malaysian Palm Oil Board (MPOB).

MARKET DEVELOPMENT
11-09-2023

Kelantan KPDN reduces smuggling of 1kg cooking oil polybags to Thailand

10/09/2023 (New Straits Times), Kota Baru - Ops Bersepadu caried out between Domestic Trade and Cost of Living Ministry (KPDN) and other agencies managed to reduce the leakage of subsidised cooking oil in 1kg polybags to the neighbouring country.

OILS & FATS
11-09-2023

Palm oil: Amidst tycoon onslaught, North-East farmers discuss impact on biodiversity

10/09/2023 (Counter View) - The northeastern states of India account for about three per cent of the total 1.4 billion population of India. In 2021, Prime Minister Narendra Modi unveiled the National Mission on Edible Oils – Palm Oil, with a total outlay of Rs11,040 crore. The plan is to bring 6.5 lakh hectares under oil palm cultivation, of which 3.2 lakh hectares would be in the northeast. Brands such as Godrej’s Agrovet, Patanjali’s Ruchi Soya and 3F have been planning entry into oil palm cultivation in the northeast. The push for acquiring land for oil palm cultivation is also seen as the backdrop to the ongoing violence in Manipur.

MARKET DEVELOPMENT
08-09-2023

Palm closes lower ahead of August supply-demand data

Malaysian palm oil futures closed down for a fourth consecutive session on Thursday ahead of August supply-demand data from the Malaysian Palm Oil Board (MPOB) and as losses in rival oils weighed.

WORLD
08-09-2023

EU 2023/24 soybean imports up 7% by September 3, rapeseed down 50%

European Union soybean imports so far in the 2023/24 season that started in July had reached 2.39 million metric tonnesby Sept. 3, up 7%compared with 2.23 million a year earlier, data published by the European Commission showed on Tuesday.

WORLD
08-09-2023

EIA: US biodiesel capacity down in 2023

U.S. biodiesel production capacity fell by 169 MMgy between Jan. 1, 2022, and Jan. 1, 2023, according to data released by the U.S. Energy Information Administration in August. The number of biodiesel plants fell by 13.

WORLD
08-09-2023

Ukraine expected to harvest record canola crop

The big harvest is likely to translate into a strong export program with much of the crop destined for European markets Ukraine is harvesting what analysts expect will be a record crop of canola.

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