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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
Dabeeo Launches Palm Oil Farm AI Monitoring Project in Indonesia, Surpassing Area of Seoul
22/05/2024 (Chemanalyst) - Dabeeo, a forefront innovator in geospatial intelligence AI technology, unveiled its comprehensive expansion into the AI monitoring initiative in Indonesia. Under a contract with Tunas Sawa Erma (TSE) Group, a significant palm oil producer in Indonesia, Dabeeo will oversee a palm oil farm monitoring project spanning an area exceeding that of Seoul, totaling 765 square kilometers.
MPOC: Malaysian palm oil stocks increase to 1.74 mln tonnes at end of April
20/05/2024 (Borneo Post), Kuching - Malaysian palm oil stocks increased for the first time in six months by 1.85 per cent to 1.74 million tonnes at the end of last month, driven by a robust recovery in production, said Malaysian Palm Oil Council (MPOC).
More profits for Sarawak Oil Palms due to strong downstream usage and FFB growth
20/05/2024 (New Straits Times), Kuala Lumpur - Sarawak Oil Palms Bhd's earnings are expected to grow, backed by decent fresh fruit bunch (FFB) growth and improving downstream utilisation, said RHB Research.
TSH Resources reports 13% rise in core 1Q PBT to RM34.8m
20/05/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil player TSH Resources Bhd (KL:TSH) reported a 13% year-on-year increase in its first quarter core profit before tax (PBT) to RM34.8 million from RM30.8 million, amid lower fertiliser prices and reduced losses from joint ventures.
Processors warn of looming surge in edible oil price
21/05/2024 (People Daily) - The price of edible oil is likely to surge by up to 80 per cent if the Finance Bill 2024 which is proposing a 25 per cent excise duty on vegetable oil and other raw materials is passed.
Oil firms told to hike biodiesel blend by October
21/05/2024 (Business World) - HE DEPARTMENT of Energy (DoE) directed oil companies to increase the coco biodiesel blend starting October, in a bid to help reduce pump prices and support the local industry.
More Volvo Trucks capable of using B100 biodiesel
17/05/2024 (Power Progress) - Volvo Trucks has extended the number of models available which can use B100 biodiesel (also known as FAME, fatty acid methyl ester). The vehicles are described as a ready-made solution for customers looking to reduce CO2 emissions related to road transport.
Sticky trick: new glue spray kills plant pests without chemicals
18/05/2024 (The Guardian) - Tiny sticky droplets sprayed on crops to trap pests could be a green alternative to chemical pesticides, research has shown.
Tripura's palm oil production push: One lakh saplings prepared in nursery in Sepahijala to be planted by August
18/05/2024 (Big News Network), India - As the Tripura government in collaboration with private agencies is striving towards the production of oil palm at a commercial scale, around one lakh saplings of the crop prepared in a huge palm nursery will be planted in over 700 hectares of land across the state by August.
