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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
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysia keeps September crude palm oil export duty at 8%
20/08/2024 (Reuters), Kuala Lumpur - Malaysia has maintained its export tax for crude palm oil at 8% in September and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
Paneer made with veg oil, FDA collects samples
21/08/2024 (Times of India), Noida - A Greater Noida resident claimed a block of paneer he bought from a local store was laced with vegetable oil — a commonly used as adulterant to keep cottage cheese soft for long.
Indonesia raises price cap in palm oil domestic scheme, trade ministry says
19/08/2024 (Reuters), Jakarta - Indonesia has revised its rules on its palm oil domestic market obligation (DMO) scheme, raising the price cap in a bid to improve supplies of cheap cooking oil, the trade ministry said.
Crude sunflower oil futures rise on high demand
19/08/2024 (Zee Business) - Crude sunflower oil prices rose by Rs 8.70 to Rs 892.30 per 10 kilograms in the futures market on Monday, driven by increased spot demand and active trading on the Multi Commodity Exchange. The August delivery contracts saw a 0.98% rise, with a significant business turnover.
Palm oil downstream industry in Sabah attracting Chinese investors
19/08/2024 (New Straits Times), Kota Kinabalu - Sabah's palm oil downstream industry recently attracted three Chinese enterprises for an on-site visit in the state, said Datuk Chan Foong Hin.
Strengthening India-Malaysia Relations: Focus on Maritime Security and Palm Oil Cooperation
19/08/2024 (Financial Express) - Marking his first official trip since taking office, Malaysia’s Prime Minister, Anwar bin Ibrahim, is coming on a State visit to India from August 19-21, 2024. The visit comes at a critical time for India-Malaysia relations, with both nations aiming to deepen cooperation in key areas such as maritime security, edible oil trade, and economic collaboration.
EU strikes against Chinese biodiesel
19/08/2024 (News.Az) - In recent years, the European Union has faced growing challenges in maintaining a competitive and fair market for biofuels. Amid concerns over market distortions caused by cheap imports, particularly from China, the EU has taken decisive action to protect its domestic industry. This article delves into the European Union's recent decision to impose temporary anti-dumping duties on Chinese biodiesel imports, exploring the rationale behind these measures, their potential impact on the market, and the broader implications for the future of the biofuel industry in Europe. As the EU seeks to balance trade interests with environmental goals, the introduction of these duties marks a critical moment in the ongoing effort to ensure the sustainability and integrity of the European biofuel sector.
Malaysia halts new oil palm plantations to preserve forest cover
18/08/2024 (The Star), Sandakan - Malaysia has pledged to halt new oil palm plantations in forest areas to support sustainability and maintain its current forest cover of 54%, says Datuk Seri Johari Abdul Ghani.
Palm Oil Importing Countries To Be Invited To Join Orangutan Conservation In Sabah In-Situ
18/08/2024 (Bernama), Sandakan - Malaysia is inviting palm oil importing countries to get involved in orangutan conservation efforts in Sabah through an in-situ approach, in its natural habitat.
