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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
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysia gets India’s backing in fight against anti-palm oil campaign
19/07/2024 (Free Malaysia Today), Petaling Jaya - Malaysia has secured the backing of India, the world’s largest palm oil importer, in combating the anti-palm oil campaign propagated by Western nations.
India’s middle-class growth fuelling Malaysia’s palm oil exports, says Johari
18/07/2024 (Free Malaysia Today), New Delhi - Malaysia’s palm oil exports to India will continue to rise in line with the growth of India’s middle-class consumer base, says plantation and commodities minister Johari Ghani.
Vegetable Oils Better For Your Heart Than Dairy Butter, Confirms New Study
18/07/2024 (Plant Based News) - A new study says that switching from saturated animal-derived fats like dairy butter to unsaturated oils from olives and nuts is better for your heart.
Cargill Announces Over 50% Completion of Regina Canola Processing Facility
18/07/2024 (ChemAnalyst News) - Cargill, a global leader in oilseed processing, announced on 16 July 2024 that it has surpassed the 50 percent completion milestone in constructing its new canola facility at the Global Transportation Hub in West Regina, Saskatchewan. The facility, which broke ground in July 2022, is expected to open in 2025. It will have the capacity to process 1 million metric tons of canola annually, producing crude canola oil for food and biofuel markets, as well as canola meal for animal feed.
Iowa biodiesel industry welcomes call for greater usage
18/07/2024 (Biofuels International) - The Iowa Biodiesel Board has welcomed Iowa US Representative Ashley Hinson for leading a bipartisan letter to the Environmental Protection Agency (EPA) encouraging more usage of biofuels in the country.
EPA: 2.04 Billion RINs Generated Under RFS In June
19/07/2024 (Biodiesel Magazine) - Nearly 2.04 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in June, down slightly from 2.06 billion generated during the same month of last year, according to data released by the U.S. EPA on July 18. Total RIN generation for the first half of 2024 reached 12.07 billion, up from 11.43 billion generated during the same period of last year.
Palm oil rises on higher Malaysian export estimates; firmer ringgit caps gains
17/07/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday, buoyed by higher export estimates from the world's second-biggest producer, although a firmer ringgit capped gains.
IOI Corp expects crude palm oil unit cost to fall 4 pct in FY24
18/07/2024 (New Straits Times), Kuala Lumpur - IOI Corporation Bhd expects crude palm oil (CPO) unit costs to reduce four per cent year-on-year (YoY) for financial year 2024 (FY24).
The push for sustainable palm oil isn’t going far enough
17/07/2024 (South China Morning Post) - Smallholders are instrumental in Southeast Asia’s palm oil production. Indonesia alone, they cultivate roughly 41 per cent of the land dedicated to oil palm, while in Malaysia, that number is at least 27 per cent. Globally, smallholders are responsible for roughly 35 per cent to 40 per cent of the world’s total oil palm plantations. Therefore, as global concerns about sustainability increase, smallholders play an important role in sustainability initiatives.
