Latest News

OILS & FATS
09-08-2024

Palm oil biofuels pushed to cut rice production cost

09/08/2024 (Philstar) Manila, Philippines — Biofuel advocates are pushing for innovative solutions to lower the cost of rice production, as President Marcos reaffirmed his commitment to bring down the price of the country’s main staple, which currently ranges from P45 to P65 per kilo.

OILS & FATS
09-08-2024

FGV produces Malaysia's first EUDR-compliant crude palm kernel oil

08/08/2024 (New Straits Time), Kuala Lumpur - FGV Holdings Bhd cements its commitment to sustainable practices with the first production of its European Union Deforestation Regulation (EUDR) compliant crude palm kernel oil (CPKO).

OILS & FATS
09-08-2024

Indonesia palm oil lobby pushes 1 million hectares of new Sulawesi plantations

08/08/2024 (Mongabay), Gorontalo, Indonesia - A palm oil industry body and a state-owned company are proposing a vast new palm oil plan encompassing around 1 million hectares (nearly 2.5 million acres) of new plantations across the Indonesian island of Sulawesi.

OILS & FATS
09-08-2024

USDA: Biodiesel exports, imports both down in June

09/08/2024 (Biodiesel Magazine) - The U.S. exported 67,622.2 metric tons of biodiesel and biodiesel blends of B30 and greater in June, according to data released by the USDA Foreign Agricultural Service on Aug. 6. Biodiesel imports reached 99,610.1 metric tons for the month.

OILS & FATS
08-08-2024

Palm oil surrenders early gains on weaker rival contracts

07/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures gave up early gains onWednesday to extend losses to a third session, as weaker rivals Dalian and Chicago contracts weighed on the market.

OILS & FATS
08-08-2024

CPO futures end mixed on output concerns, higher crude oil prices

07/08/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mixed on Wednesday as concerns over higher output weighed on prices despite higher crude oil prices, dealers said.

OILS & FATS
08-08-2024

Indonesia begins testing to prepare 'B50' palm oil biodiesel mandate

07/08/2024 (The Edge Malaysia), Jakarta - Indonesia is carrying out tests ahead of plans by the incoming government to increase the palm oil-based biodiesel blending mandate to 50%, from 35% now, a government official said, raising industry concerns over supplies for exports.

WORLD
08-08-2024

Interactive Brokers adds listed derivatives on Bursa Malaysia

07/08/2024 (Finance Feeds) - Interactive Brokers has opened access to listed derivatives on Bursa Malaysia, which has been actively promoting growth and participation from retail investors, especially the younger generation.

OILS & FATS
08-08-2024

Open Source AI Model Accurately Predicted Olive Oil Prices

07/08/2024 (Olive Oil Times) - Olive oil prices around the world have reached historic highs due to poor harvests caused by drought and high springtime temperatures in key producing countries, most notably Spain.

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