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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
India's palm oil imports dive 27% as price rise dents demand, dealers say
03/09/2024 (Reuters), Mumbai - India's palm oil imports in August fell more than a quarter from a month ago on ample stocks and as negative margins prompted refiners to curtail purchases of the tropical oil, five dealers said on Tuesday.
CPO Futured End Lower
03/09/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower amid mixed market sentiment.
Nakuru County Government embarks on promoting oil crop farming to cut cooking oil imports
03/09/2024 (Kenya News) - Nakuru County Government has embarked on an ambitious bid to promote the cultivation of canola (rapeseed) and sunflower in the devolved unit to reduce the import bill for edible oils and lower the prices of cooking oil in Kenya.
Wangsu stresses on need for comprehensive approach to sustainable palm oil production
03/09/2024 (Eastern Sentinel), Naharlagun - Arunachal Pradesh Agriculture Minister, Gabriel D Wangsu emphasized the need for a comprehensive approach to sustainable palm oil production that addresses environmental, economic, and social aspects, as well as the critical issue of human-animal conflict in oil palm plantations.
EIA: Ethanol and renewable diesel capacity expand in June
04/09/2024 (Biodiesel Magazine) - Operable U.S. biofuels production capacity increased in June, with gains for both ethanol and renewable diesel, according to data released by the U.S. Energy Information Administration on Aug. 30. Feedstock consumption was up for the month.
Palm oil ends lower on profit taking, losses in Dalian contracts
02/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses and endedlower on Monday as investors booked profits, while losses inthe Dalian marketadded to the decline.
Nigeria and Indonesia Sign Agreement to Cooperate on Palm Oil
02/09/2024 (ChemAnalyst) - Nigeria and Indonesia have signed a Memorandum of Understanding (MoU) aimed at advancing palm oil production and expanding market opportunities, with a focus on modernizing practices and improving income for smallholder farmers. The agreement, signed in Abuja by the National Palm Produce Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI), marks a significant step toward strengthening the palm oil industry in both countries.
African nations keen to boost palm oil capacity: FM Marsudi
02/09/2024 (Antara) Badung, Bali - Foreign Affairs Minister Retno Marsudi on Monday revealed that African countries expressed their interest in increasing the capacity of their palm oil industry during their meeting with President Joko Widodo (Jokowi).
Canola, sunflower to be cultivated over 0.85 and 0.77 mln hectares
02/09/2024 (APP), Islamabad - The government has set a target to cultivate canola over 0.85 million hectares and sunflower over 0.77 million hectares during the current year in order to fulfil the local requirements of edible oil and reduce the reliance on imported oil.
