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Windfall profit levy review, oil palm replanting among agenda at MPOA’s inaugural conference
Indonesia, Malaysia push biofuel to offset palm oil price downturn
Palm closes lower ahead of August supply-demand data
El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD
Malaysian palm oil futures closed down for a fourth consecutive session on Thursday ahead of August supply-demand data from the Malaysian Palm Oil Board (MPOB) and as losses in rival oils weighed.
EU 2023/24 soybean imports up 7% by September 3, rapeseed down 50%
European Union soybean imports so far in the 2023/24 season that started in July had reached 2.39 million metric tonnesby Sept. 3, up 7%compared with 2.23 million a year earlier, data published by the European Commission showed on Tuesday.
EIA: US biodiesel capacity down in 2023
U.S. biodiesel production capacity fell by 169 MMgy between Jan. 1, 2022, and Jan. 1, 2023, according to data released by the U.S. Energy Information Administration in August. The number of biodiesel plants fell by 13.
Ukraine expected to harvest record canola crop
The big harvest is likely to translate into a strong export program with much of the crop destined for European markets Ukraine is harvesting what analysts expect will be a record crop of canola.
Palm oil futures lower
JAKARTA: Malaysian palm oil futures closed down for a fourth consecutive session on Thursday ahead of August supply-demand data from the Malaysian Palm Oil Board (MPOB) and as losses in rival oils weighed.
India’s palm oil imports set to jump 26% to 10 million tonnes
MUMBAI: India’s palm oil imports are set to jump 26% to a record high in the 2022/23 year ending on Oct 31, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country’s top palm oil buyer told Reuters on Wednesday.
Palm oil group to allocate RM2mil to elephant and orangutan conservation efforts in Sabah
KOTA KINABALU: Over RM2mil has been allocated for the population survey of elephants and orangutans in Sabah. This funding by the Malaysian Palm Oil Green Conservation Foundation (MPOGCF), is to help various non-government organisations and government agencies such as the Sabah Wildlife Department (SWD) get the latest population count of the two animals.
Nusantara could be ‘double-edged sword’ for East Malaysia’s oil palm plantations
KUCHING (Sept 6): Key industry experts say the upcoming development of Indonesia’s planned capital city, Nusantara, in Kalimantan could be a double-edged sword for East Malaysia’s palm oil sector.
USDA: US biodiesel imports exceed biodiesel exports in July
The U.S. exported 97,462.6 metric tons of biodiesel and biodiesel blends of B30 and greater in July, according to data released by the USDA Foreign Agricultural Service on Sept. 6. Biodiesel imports were at 104,711 metric tons for the month.
