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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
Kedah NGO lauds govt's decision on lowering prices of eggs and cooking oil
17/06/2024 (New Strait Times), Alor Star - The government's decision to lower the retail prices of grade A, B, and C eggs and maintain those of bottled palm cooking oil will benefit the Bottom 40 (B40) and hardcore poor population.
USDA: Growth In US Renewable Diesel Production Impacts Global Feedstock Trade
18/06/2024 (Biodiesel Magazine) - The USDA Foreign Agricultural Service on June 11 published a report discussing how the recent boom in U.S. renewable diesel production has caused market-altering shifts to both foreign and domestic feedstock trade.
Prices for Palm and Soybean Oils Decrease While Sunflower Oil Prices Continue to Rise
17/06/2024 (Grain Trade) - The global market is experiencing an increase in the supply of vegetable oils, which is restraining the growth in prices for palm and soybean oils, despite the ongoing speculative rise in prices for sunflower oil.
Thai oil palm smallholders increase production and income from RSPO certification
17/06/2024 (Oil & Fats International) - Oil palm smallholders in Thailand have increased production volumes and their income as a result of Roundtable on Sustainable Palm Oil (RSPO) certification, the RSPO announced.
Palm reverses two-day climb on lower Chicago soyoil, crude prices
13/06/2024 (Reuters), Singapore - Malaysian palm oil futures snapped a two-day winning streak to fallon Thursday, as the contract tracked weaker Chicago soyoil and crude prices, while a stronger ringgit also added to the decline.
India's May palm oil imports hit 4-month high on competitive prices
13/06/2024 (Reuters), Mumbai - India's palm oil imports rose by 11.6% in May from the previous month to reach the highest level in four months as its discount over rival oils led to higher purchases, a trade body said in a statement on Thursday.
Louis Dreyfus to expand Indonesia palm oil refining business, executive says
13/06/2024 (Channel New Asia), Singapore - Agricultural commodity merchant Louis Dreyfus Company (LDC) is expanding its palm oil refining business in Indonesia, which will include construction of a new glycerine plant and higher production of biodiesel, a senior company official said.
Edible oil imports down 5% on year since November
14/06/2024 (Financial Express) - The imports of edible oils – palm, soybean and sunflower — declined by 5% to 8.67 million tonne (MT) in first seven months of the 2023-24 oil year (November-October) compared to the same period last oil year.
Soybeans Leading the Charge Higher
13/06/2024 (Bar Chart) - Soybeans are pushing higher on Thursday, helped by meal strength. Bean contracts are up 9 to 10 cents across the nearby contracts. Soymeal futures are bouncing at midday, with July up $7.30/ton. Soy Oil futures are down 8 points in the July contract.
