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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
CPO Futures Snap Two-Day Gains To Close Lower
Sabah to produce tocotrienols from palm oil by-product
30/06/2024 (The Borneo Post), Kota Kinabalu - Malaysia’s first facility utilizing refined palm oil by-products to produce tocotrienols is under construction in Kunak.
Soaring olive oil prices hurt sales of ‘liquid gold’ in Mediterranean heartland
28/06/2024 (Financial Times) - Sales of olive oil have plunged in its Mediterranean heartland as Spaniards and Italians shunned their most beloved culinary ingredient following steep price rises.
Biodiesel threatens Brazilian soybean oil exports
28/06/2024 (Energy News) - Brazil, the world’s second largest soybean oil exporter, could see its exports come to a halt in the next few years due to growing domestic demand for biodiesel. Biodiesel blending mandates are reaching record levels, increasing domestic consumption of soybean oil, the main ingredient in this biofuel. Biodiesel is developing rapidly in Brazil, and the country imports foreign biodiesel alongside its own production.
CPO futures end higher on worries over weaker palm oil production
27/06/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday on concerns over weaker-than-expected palm oil production going forward, said a trader.
With EUDR Deadline Looming, Is Malaysia’s Palm Oil Industry Ready?
27/06/2024 (Business Today) - The MPOC collaborated with the European Forest Institute (EFI) and key stakeholders to discuss preparations, challenges, and solutions for EU operators and Malaysian exporters to comply with the EU Deforestation Regulation (EUDR). With the compliance deadline of December 30, 2024, approaching, EU operators and traders must ensure that products entering the EU are deforestation-free and produced according to relevant local laws.
MPOB to launch innovative services at July 4 tech transfer
27/06/2024 (Selangor Journal), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will launch innovative technologies and services in conjunction with the Transfer of Technology (TOT) MPOB on July 4.
United Malacca's quarterly net profit jumps 78% on higher oil palm prices, declares 7 sen dividend
27/06/2024 (The Edge Malaysia), Kuala Lumpur - United Malacca Bhd (KL:UMCCA) on Thursday reported a 77.81% rise in quarterly net profit to RM15.3 million from RM8.6 million a year earlier, driven by stronger revenue contributions from its main business segments which offset losses from its investment activities.
Libya a step closer to exporting olive oil directly to Europe and the rest of the world
27/06/2024 (Libya Herald) - Libya is a step closer to exporting olive oil directly to Europe and the rest of the world. The revelation was made by Libya’s Ambassador in Spain, Walid Abu Abdullah, on his personal Facebook page last Tuesday 25 June.
Bulgaria’s rapeseed crush capacity rises sharply
27/06/2024 (World Grain), Sofia, Bulgaria - Bulgaria became a net importer of rapeseed in the 2023-24 marketing year with growing trade driven by expanding domestic crush capacities, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
