Latest News

MARKET DEVELOPMENT
19-03-2024

Brazil’s Chamber of Deputies approves proposal to raise biodiesel mandate to 20% in 2030

18/03/2024 (Fastmarket) - The Brazilian Chamber of Deputies approved late Wednesday the Fuels of the Future proposal that increases the rate of mandatory blending of biodiesel in diesel.

MARKET DEVELOPMENT
18-03-2024

Indonesia begins red cooking oil production with plant in North Sumatra

16/03/2024 (The Star Online), Jakarta - President Joko Widodo inaugurated Indonesia’s first red cooking oil production facility in North Sumatra this week, aiming to advance the country's palm oil industry and empower farmers.

MARKET DEVELOPMENT
18-03-2024

Brazil’s Chamber of Deputies approves proposal to raise biodiesel mandate to 20% in 2030

MARKET DEVELOPMENT
18-03-2024

Malaysia keeps April crude palm oil export duty at 8%

15/03/2024 (The Star Online), Kuala Lumpur - Malaysia maintained its export tax for crude palm oil at 8% for April and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Friday.

MARKET DEVELOPMENT
18-03-2024

CPO futures to trade at current levels with upside bias next week

16/03/2024 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade at current levels with an upside bias next week.

MARKET DEVELOPMENT
18-03-2024

Foreign workers are already getting minimum salary -MPOB

16/03/2024 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) is of the opinion that aligning minimum wages for foreign workers as wished by the Indonesian government poses no issue.

MARKET DEVELOPMENT
18-03-2024

Plantation Ministry, Petronas Dagangan aim to collect 300,000kg of used cooking oil in 2024, says minister

16/03/2024 (Malay Mail), Kuala Lumpur - The Plantation and Commodities Ministry (KPK), in partnership with Petronas Dagangan Bhd (PDB), targets to collect 300,000 kilogrammes (kg) of used cooking oil (UCO) in 2024 under the UCO Collection Programme.

MARKET DEVELOPMENT
18-03-2024

Edible oil demand sees 8% drop in Gujarat households

18/03/2024 (Times of India) - Ahmedabad: Edible oil consumption dropped by 8% in Gujarat households last year compared to 2021. Cottonseed oil penetration remained highest in the state while groundnut oil consumption nosedived due to increased prices.

OILS & FATS
15-03-2024

Johari: Palm oil industry players need to increase FFB yields

14/03/2024 (The Star Online), Kuala Lumpur - Industry players and smallholders need to increase the production of fresh fruit bunches (FFB) and crude palm oil (CPO) to maintain the relevance of the Malaysian palm industry, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

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