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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm Oil Output Surge In Oct, CPO Price Could Hit RM4500 In Dec: MPOC
Malaysia and India to work together to counter anti-palm oil campaigns
17/07/2024 (New Straits Times), Kuala Lumpur - Malaysia and the world's largest importer of palm oil, India, will work together to counter the anti-palm oil campaign by the West.
From cooking oil to waste truck fuel
17/07/2024 (Bracknell Forest Council) - In a significant move towards sustainability, the council’s Executive has approved to trial hydro treated vegetable oil as fuel for a waste collection vehicle.
Deputy minister urges palm oil industry to repurpose residuals for sustainable aviation fuel
16/07/2024 (Borneo Post), Kuala Lumpur - The palm oil industry should explore repurposing residuals as a crucial feedstock for sustainable aviation fuel (SAF), moving beyond traditional uses of palm oil, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.
RM6.12bil collected from palm oil industry windfall tax from 1999 to last year
16/07/2024 (New Straits Times), Kuala Lumpur - A total of RM6.12 billion of windfall tax from the palm oil industry has been collected and deposited into the Federal Consolidated Fund from 1999 to 2023.
Govt to ensure MSPO complies with EU regulations, says Johari
16/07/2024 (New Straits Times), Kuala Lumpur - The Agriculture and Commodities Ministry is taking various efforts to ensure that the Malaysian Sustainable Palm Oil (MYSPO) certification meets the requirements of the European Union's Forest Law Enforcement, Governance and Trade Regulation (EUDR).
Palm oil snaps two-day losing streak on rivals’ strength, higher export estimates
16/07/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday to snap a two-day decline, buoyed by stronger rival Dalian and Chicago contracts and higher export estimates.
Germany produced 3.7 million tonnes of biodiesel last year
16/07/2024 (Biofuels International) - Germany exported a total of just less than 1.7 million tonnes of rapeseed meal. This was up about 26% on the same period a year earlier.
Malaysia secures over RM230mil in palm oil trade deals during china visit
15/07/2024 (The Star), Kuala Lumpur - Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China.
Palm oil set to rise in 2H as La Nina poses supply risk
15/07/2024 (The Edge Malaysia) - Palm oil is likely to extend its rally through the second half of the year (2H2024), as the looming onset of La Nina threatens already-strained supplies of the world’s most-consumed cooking oil.
