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Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Red palm oil to only be produced by cooperatives: Minister
Jakarta (ANTARA) - Cooperatives and Small and Medium Enterprises (SMEs) Minister Teten Masduki stated that red palm cooking oil could only be produced by cooperatives to protect the community business.
Indonesia to enact mandatory B35 biodiesel program as global CPO prices fall
The Energy and Mineral Resources Ministry is to start implementing the mandatory 35 percent biodiesel (B35) program for all biofuels by the end of July amid the global decline in crude palm oil (CPO) prices. Dadan Kusdiana, the ministry’s renewables director general, explained that the B35 biodiesel program was part of the government's efforts to boost the domestic use of palm oil to help raise CPO prices.
'How will import duty cut on two edible oil varieties help boost supply'
Amid demands for reducing import duty on rice bran oil and olive pomace oil, the government has asked edible oil associations to explain how the move will help boost domestic availability.
Ukrainian SFS exports hit record high, but demand drops
Ukraine's sunflower seed (SFS) exports have increased sharply since March following the Russian invasion that resulted in disruption to the country's seed crushing and sunflower oil (SFO) exports, but a further increase is in question because of cooling demand and falling prices.
Cooking oil shortage over in 2 months, says Annuar
PETALING JAYA: The anti-inflation task force is to take action to cut smuggling of subsidised cooking oil to neighbouring countries, panel chairman Annuar Musa said today.
China lockdowns overshadow palm oil outlook despite slow output
05/11/2022 (The Star Online), Nusa Jaya - The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts say.
Indonesia considering cutting palm oil export levy to spur shipments
08/07/2022 (The Star Online), Jakarta - Indonesia is considering cutting its palm oil export levy to encourage more shipments, a cabinet minister said on Thursday, another move to spur exports after a ban designed to protect domestic cooking oil supplies saw palm oil inventories swell.
Buyers are seeking to renegotiate palm oil contracts as CPO price slumps
07/07/2022 (The Edge Markets), Kuala Lumpur - The rapid fall in crude palm oil prices in the past month has prompted contract renegotiations between oil traders and buyers who are taking the deliveries now, as an increasing number of buyers declined to take delivery of the vegetable oil that were locked in previously at much higher prices.
Palm oil halts slump as China’s stimulus plan aids commodities
07/07/2022 (The Edge Markets) - Palm oil snapped a four-day losing streak as commodities including crude oil and metals jumped on China’s US$220 billion stimulus plan.
