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Palm oil to hold above RM4,400 on supply risks, biodiesel demand — MPOC
Sarawak palm oil producers report lower output
India Races Ahead While Malaysia’s Biodiesel Ambitions Plateau
Zafrul: 1,711 Malaysian export products to US to enjoy zero tariff
CPO Futures Close Higher Amis Rising Tension in the Middle East
02/10/2024 (Bernama), Kuala Lumpur – Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher on Wednesday due to the escalation of tension in the Middle East, said a dealer.
DAABON Launches World’s First Carbon Neutral Palm Oil
02/10/2024 (Responses Source) - DAABON UK, part of the DAABON group, a global leader in sustainable agriculture, has launched the world’s first carbon-neutral organic palm oil.
Biofuel switch for UK fleet cuts dnata’s CO2 emissions by over 2,400 tonnes annually
02/10/2024 (Payload Asia) - dnata, a leading global air and travel services provider, continues to take initiatives to reduce its environmental footprint throughout the world. In the UK, dnata’s Heavy Goods Vehicle (HGV) fleet of 70 trucks at London Heathrow Airport (LHR) has switched to run on Hydrotreated Vegetable Oil (HVO), a fossil-free alternative to regular diesel.
Palm rises more than 4% in biggest jump in over a year on stronger oil, soyoil
02/10/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures jumped more than 4% on Wednesday, driven by gains in crude oil prices and Chicago soyoil.
Greasezilla, bp partner to convert brown grease waste into biofuels
02/10/2024 (Biodiesel Magazine) - Downey Ridge Environmental Co. (Greasezilla) and bp announce a groundbreaking agreement that will enable the capture and extraction of brown grease waste as a feedstock for biofuel production, marking a step forward in sustainable energy production. As part of the agreement, bp will finance the expansion of Greasezilla's production facilities to support the delivery of brown grease feedstock to the market, aimed at furthering the renewable diesel (RD) and sustainable aviation fuel (SAF) markets.
Mustard Oil Prices to Sustain Momentum in the Second Half of the Year 2024
01/10/2024 (Chemanalyst) - In a development that has continued to support the upward trend in the edible oil market across the country, Mustard Oil prices have surged steadily and are likely to remain uplifted even in the forthcoming months, leaving consumers and industry experts alike grappling with the sudden increase which also attributed to a perfect storm of factors affecting both supply and demand. At the forefront of this price surge is the government's recent decision to increase import duties on edible oils. This move, aimed at protecting domestic producers, has had an immediate and significant impact on retail prices. While the intention was to bolster the local Mustard Oil industry, the short-term consequence has been a sharp uptick in costs for various oils including the Mustard Oil for the average consumer.
Malaysian planters gear up for EUDR compliance amid calls to delay its implementation
01/10/2024 (The Edge Malaysia) - AMID growing calls for the European Commission (EC) to delay the European Union Deforestation Regulation (EUDR), the major plantation companies in Malaysia say they are prepared for Dec 30, 2024 — the day the regulation comes into effect. These companies say they have been proactive in conducting deforestation assessments and establishing traceability systems to ensure that their palm oil supply chains are deforestation-free and compliant with EUDR requirements.
CPO Futures Stage Rebound to End Higher
01/10/2024 (Bernama), Kuala Lumpur- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded from Monday’s loss to close higher today.
Increase in import duty on edible oil to have wide-ranging effects on food sector in India, says GlobalData
01/10/2024 (Financial Express) - In the coming months, the GlobalData report said, the import duty hike is likely to increase input costs for food manufacturers and foodservice operators, which rely on edible oils for use as raw material.
