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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
Malaysia palm oil output set for steep drop after Sabah floods
Imports of Animal Fats and Processed Oils Have Skyrocketed
29/08/2024 (Southeast AgNet) - U.S. imports of animal fats, greases, and processed oils, including used cooking oil, skyrocketed to almost five billion pounds in 2023 from 2.2 billion pounds in 2022.
Soybeans Rallying on Thursday
29/08/2024 (Barchart) - Soybeans are trading with midday gains of 9 to 12 cents in the front months so far at Thursday’s midday. Support was noted from Export Sales data. Soymeal futures are up $1.40 in the October contract at midday. Soy Oil futures are 102 points higher in September ahead of first notice day.
Govt Likely To Raise Import Taxes On Vegetable Oils To Support Farmers: Report
29/08/2024 (ABP News Bureau) - This proposed increase, which is expected to be officially announced in the upcoming weeks, aims to shield domestic producers by potentially curbing demand and lowering imports of oils
Italy’s severe drought damages olive trees ahead of harvest
29/08/2024 (Oils & Fats International) - Olive trees in Italy’s major olive-growing regions have been damaged by heatwaves and severe drought conditions ahead of this year’s harvest, Olive Oil Times wrote.
Rapeseed Oil Prices to Surge Across Europe Amid Supply Concerns
29/08/2024 (ChemAnalyst.news) - In a significant market shift, Rapeseed Oil prices are experiencing a sharp uptick across European nations during August, with experts predicting the trend to continue in the coming months. This surge comes despite global vegetable oil production reaching record levels, highlighting the complex dynamics at play in certain edible oils market including the Rapeseed Oil.
Palm oil dips as India import tax concerns counter weak supply outlook
28/08/2024 (Reuters), Singapore - Malaysian palm oil futures ended lower on Wednesday as concerns over the prospect of higher import taxes in India, the world's top vegetable oil buyer, outweighed a weaker supply outlook from top producer Indonesia
TH Plantations' 2Q net profit almost doubles on higher sales
28/08/2024 (New Straits Times), Kuala Lumpur - TH Plantations Bhd, the plantation subsidiary of Lembaga Tabung Haji, reported a significant increase in its net profit for the second quarter ended June 30, 2024 (2Q24), rising to RM10.4 million from RM5.3 million in the same period last year.
High-tech fire engine runs on treated vegetable oil
28/08/2024 (Breaking News.ie) - An Irish fire service has launched the first fire engine in the world combining state-of-the-art software with hydrotreated vegetable oil (HVO).
Export of sunflower oil from Ukraine in August may be the lowest in the last 2 years
28/08/2024 (APK-Inform) - According to APK-Inform Agency, in 25 days of August, Ukraine exported about 200 thsd tonnes of sunflower oil, down 45% compared to the same period in July.
