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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
India raises customs duty on edible oils to support farmers
24/09/2024 (Ofi Magazine) - The Indian government has raised customs duty on edible oils in a bid to support oilseed farmers, Reuters reported.
Oil-type sunflower acres drop almost 50%
24/09/2024 (Farm Progress) - Area planted to sunflower in 2024 decreased 46% from 2023 and totals 715,200 acres, according to the initial USDA Farm Service Agency crop acreage report. The planted area of oil-type varieties, at 593,930 acres, is down 49% from 2023.
Higher blends of biodiesel fuel could cut transportation emissions
24/09/2024 (Techxplore) - Barriers that are currently preventing the use of greater percentages of biomass-based diesel fuel blended into petroleum diesel have been identified, along with strategies to overcome them, according to researchers at the National Renewable Energy Laboratory (NREL).
Call to revise palm oil windfall tax
24/09/2024 (The Star), Putrajaya - A proposal to revise the windfall profit levy (WPL) on palm oil has been made due to increased costs that have caused the windfall margin to become “virtually non-existent,” says the Plantation and Commodities Minister.
Local planters brace for stiffer Indonesian competition
24/09/2024 (The Star), Petaling Jaya - The competitiveness for Malaysia’s downstream palm oil products will decrease following the move by Indonesia to amend its export tax policy for crude palm oil (CPO) and refined palm oil export, says RHB Research.
Indian refiners cancel palm oil contracts on duty hike, price rise
23/09/2024 (The Edge Malaysia), Mumbai - Indian refiners cancelled 100,000 metric tons of palm oil purchases for delivery between October and December, as New Delhi's move to raise import duties due to a rally in overseas prices prompted them to book profits, five trade officials told Reuters.
Festive Inflation: Edible Oil and Coconut Prices Surge Due to Import Duties
23/09/2024 (The Bridge Chronicle), Pune - As the festive season approaches, consumers are facing a significant surge in the prices of essential commodities, particularly edible oils and coconut products.
Biodiesel imports into Europe decline, latest statistics reveal
23/09/2024 (Biofuels International) - Imports of biodiesel from China dropped to 9,835 mt in July down from 109,457 mt in June.
SD Guthrie delivers first shipment of palm oil fully compliant with EU's deforestation regulation
20/09/2024 (New Straits Times), Kuala Lumpur - SD Guthrie Bhd has delivered its first shipments of 40,250 tonnes of palm oil to Europe and the United Kingdom that is fully compliant with the European Union's Deforestation Regulation (EUDR).
