|
CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
US-IRAN ESCALATION KEEPS OILPRICES FIRM, LIFTS PALM OIL OUTLOOK—MPOC
MPOC Expects CPO Price To Hold Steady At RM4000 In October
15/10/2024 (Business Today) - Malaysia’s palm oil production reached its peak in August this year, two months earlier than in the past three years, which peaked in October. Palm oil production in September declined 3.8% to 1.82 million tonnes, with further seasonal reductions expected until end of the year. Despite the drop in production, the Malaysian Palm Oil Council said Malaysian palm oil exports remained robust, posting a modest increase of 0.9% to 1.54 million tonnes. Year-over-year, September exports surged by an impressive 27.3%.
Timing right for Malaysia to introduce cooking oil futures
15/10/2024 (New Straits Times), Kuala Lumpur - It is the perfect time to introduce used cooking oil (UCO) futures in light of the growing emphasis on sustainability in the palm oil industry, according to an industry expert.
Australia Ships 375,480 Tonnes of Canola Overseas in August
15/10/2024 (Chemanalyst) - Australia exported 375,480 tonnes of canola in August, according to the Australian Bureau of Statistics, as reported by Grain Central. This figure shows a slight decline from the 386,034 tonnes shipped in July but remains above the 358,677 tonnes exported in August last year. The data highlights Australia’s strong performance in canola exports, which concluded a record-setting year on September 30, 2023, with a total shipment of 6 million tonnes.
Decline in biodiesel use, according to new figures
15/10/2024 (Biofuels International) - The consumption of biodiesel in June 2024 decreased 3% tonnes month-on-month to 197,700 tonnes, according to the Federal Office for Economic Affairs and Export Control (BAFA).
Need to raise palm oil yields
15/10/2024 (The Sun) - MANY have read the coverage of palm oil in the business press recently, and I want to deal with one aspect of it here, a point I have valued highly.
Palm oil rises on speculative buying, short covering
14/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose on Monday, supported by a combination of speculative buying and short covering, although gains were capped by weaker crude oil prices.
Premier: S’wak hopes to be major player in mechanised oil palm harvester production
14/10/2024 (Borneo Post Online), Kuching - Sarawak hopes to become a major player in the production of mechanised oil palm harvesters, following the unveiling of the ‘Lipan’ harvester in Miri recently, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
Daabon launches carbon-neutral palm oil
14/10/2024 (Ofi Magazine) - Daabon UK, part of the Daabon Group, has launched a carbon-neutral organic palm oil range.
Bangchak buys used cooking oil for jet fuel
15/10/2024 (Bangkok Post) - SET-listed energy conglomerate Bangchak Corporation intends to collect a large amount of used cooking oil for use as a raw material for its commercial production of sustainable aviation fuel (SAF) next year.
