Latest News

OILS & FATS
06-06-2024

Renewable diesel production surpasses biodiesel

05/06/2024 (Farm Progress) - USDA’s Economic Research Service reports that in 2022-23 for the first time, renewable diesel production has surpassed biodiesel production.

OILS & FATS
06-06-2024

Palm oil erases early gains to close lower; monthly data in focus

05/06/2024 (Business Recorder), Jakarta - Malaysian palm oil futures shed early gains to close lower for a second consecutive session on Wednesday, as the market braced for export and production data from the world’s second-biggest producer.

OILS & FATS
05-06-2024

India's May palm oil imports reach four-month high on price drop-dealers

04/06/2024 (Malay Mail), Mumbai - India's palm oil imports rose by 12.4 per cent in May from the previous month to reach the highest level in four months as the recent correction in prices led to higher purchases, five dealers told Reuters.

OILS & FATS
05-06-2024

Palm slips more than 3% on weaker Dalian contracts and crude oil

04/06/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell more than 3% on Tuesday as trading resumed after a public holiday, with weakness in rival Dalian contracts and crude oil prices weighing on the market.

OILS & FATS
05-06-2024

Palm oil slumps most in a year on losses in soyoil and crude oil

04/06/2024 (The Edge Malaysia), Jakarta - Palm oil posted the biggest intraday drop in nearly a year, tracking recent falls in soybean oil and crude petroleum oil, which have made the tropical oil less attractive for use in biofuels.

OILS & FATS
05-06-2024

Bangchak to Stabilize Palm Oil Prices with B100

04/06/2024 (Bangkok Post) - Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, announced that in response to proposed solutions from the Department of Internal Trade to tackle declining palm oil prices, the company is poised to procure B100 at the standardised price set by the Energy Policy and Planning Office (EPPO) through BBGI Corporation, a major player in the biofuel industry and an affiliate of the Bangchak Group. BBGI will procure crude palm oil from extraction plants at a standardised price set by the Department of Internal Trade, in alignment with oil palm prices. This initiative aims to bolster support for farmers and promote the adoption of environmentally friendly energy sources.

OILS & FATS
05-06-2024

APRIL CORN FOR ETHANOL USE, SOYBEAN CRUSH DOWN ON MONTH

03/06/2024 (Brownfield Ag News) - Corn for ethanol numbers were mixed in April.

OILS & FATS
05-06-2024

Drizzle-down economics: Spanish harvest up, olive oil prices down?

04/06/2024 (Yahoo Finance) - A bigger-than-expected Spanish olive harvest may bring relief to inflation-addled shoppers later this year in the form of lower supermarket prices.

OILS & FATS
04-06-2024

Palm oil: Egypt is Malaysia's key trade partner as govt sets sights on S. Africa, Middle East

03/06/2024 (New Straits Times), Kuala Lumpur - Egypt remains Malaysia's key trading partner as the government sets to expand its palm oil exports to South Africa and the Middle East.

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