Latest News

OILS & FATS
28-08-2024

FGV returns to the black in 2QFY24 on higher CPO prices, sales volume

27/08/2024 (New Straits Times), Kuala Lumpur - Agribusiness and food company FGV Holdings Bhd reported a net profit of RM86.3 million for the second quarter of 2024 (2Q24), a turnaround from a net loss of RM12.8 million in the same quarter of the previous year.

OILSEEDS
28-08-2024

Soybeans Extending Gains into Tuesday

27/08/2024 (Barchart) - Soybeans are posting of 4 to 6 cent gains as we trade trough Tuesday’s midday, adding onto Monday’s strength. Soymeal futures are up $4.20 per ton. Soy Oil contracts are back down 34 points in the September contract.

OILS & FATS
28-08-2024

California shocks canola sector

28/08/2024 (The Western Producer), Saskatoon - Canada’s canola processors have been blindsided by proposed amendments to California’s Low Carbon Fuel Standard.

OILS & FATS
27-08-2024

Ta Ann’s palm oil production rises; net profit up 13.3% in 2Q

26/08/2024 (The Star), Kuala Lumpur - Ta Ann Holdings Bhd’s palm oil production is trending upwards as it enters the second half of the year with fresh fruit bunches (FFB) production cycle at its peak.

OILS & FATS
27-08-2024

Palm oil hits 3-week high on Indonesia biodiesel plans, Malaysia output woes

26/08/2024 (Reuters), Singapore - Malaysian palm oil futures advanced for the fourth session on Monday, touching their highest in more than three weeks on Indonesia's plan to further raise its biodiesel blending and concerns of rainy weather hurting Malaysia's production.

OILS & FATS
27-08-2024

CPO Futures End Higher Due To Weaker Production Prospects

26/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday due to prospects of a weaker production pace in the country, said a dealer.

OILS & FATS
27-08-2024

Indonesia's incoming leader hopes to implement 50% palm-based biodiesel in 2025

26/08/2024 (Reuters), Indonesia - President-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by $20 billion per year.

OILS & FATS
27-08-2024

Indonesian Palm Oil Output Set to Fall on Dry Weather, Old Trees

26/08/2024 (Bloomberg) - The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

OILS & FATS
27-08-2024

Global Production of Vegetable Oils Keeps Rising

26/08/2024 (ChemAnalyst) - Global production of vegetable oils is on the rise, driven by increasing demand across various markets. The anticipated surplus in commodities like palm and soybean oil for the 2024/25 period is expected to more than compensate for a projected decline in sunflower oil production. According to the US Department of Agriculture (USDA), global vegetable oil production for the current crop year is set to reach a record high of 224.2 million tonnes. This represents an increase of 2.7 million tonnes from the previous year. At the same time, global consumption is estimated to rise to 221.7 million tonnes, a jump of 5.3 million tonnes from the prior year. As a result, ending stocks are forecasted to be lower than last year, totaling 29.6 million tonnes, and will fall below the long-term average.

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