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OILS & FATS
09-05-2024

Malaysia offers trade partners 'orangutan diplomacy'

09/05/2024 (BBC) - Malaysia has said it plans to start giving orangutans as gifts to major trading partners who buy its palm oil.

OILS & FATS
09-05-2024

Palm oil snaps two-day winning streak amid lower soyoil, export woes

08/05/2024 (Reuters), Singapore - Malaysian palm oil futures ended a two-day winning streak to close lower on Wednesday amidweaker prices of rival soyoil and lingeringworries around palm exports.

OILS & FATS
09-05-2024

Malaysian palm oil to trade in 3,700-4,300 rgt/t range until June- analyst Mistry

08/05/2024 (Reuters), Mumbai - Malaysian palm oil is expected to trade between 3,700- 4,300 Malaysian ringgit ($780-$906.4) per metric ton from now until June, as tight supplies are seen offsetting weak demand, leading industry analyst Dorab Mistry said on Wednesday.

OILS & FATS
09-05-2024

Using soybean oil for roads is helping farmers invest in their own transportation

08/05/2024 (RFD TV) - From food to fuel, soybeans are finding uses in all different areas, including additives for concrete in roads. While that is another market for soy farmers, the United Soybean Board says it comes full circle by helping the roads used to transport the product.

OILS & FATS
09-05-2024

Biodiesel Market Valuation USD 70.9 billion | Europe Dominate by Norway, Denmark, Netherlands, Belgium, Germany, UK

08/05/2024 (News Wires), Wilmington, Delaware, United States - According to a new report published by Allied Market Research, the biodiesel market size was valued at $50.9 billion in 2022, and is estimated to reach $70.9 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032.

OILS & FATS
08-05-2024

Palm oil extends gains amid weather woes at oilseeds plantations

07/05/2024 (Reuters), Singapore - Malaysian palm oil futures rose on Tuesday for a second session, tracking sustained gains in soyoil amid poor weather in Brazil and Russia, while key palm producer Indonesia's adverse weather conditions also supported palm prices.

OILS & FATS
08-05-2024

A diet rich in olive oil reduces the risk of Alzheimer's

07/05/2024 (Lavanguardia) - It provides direct benefits to the brain, as well as indirect benefits through better cardiovascular health.

OILS & FATS
08-05-2024

Extra virgin olive oil prices tipped to top £16 a litre next month

07/05/2024 (The Guardian) - Olive oil prices are set to climb further this year – heading to more than £16 a litre for a bottle of extra virgin – amid a drop in global production to the lowest level in more than a decade.

OILS & FATS
08-05-2024

Declining Demand Triggers Drop in Global Biodiesel Prices

07/05/2024 (ChemAnalyst News) - With the week ending on 03rd May, the price of Biodiesel in Indonesia fell by 1.3%, from USD 1170 per metric ton to USD 1155 per metric ton. This drop in price is largely attributed to a decrease in buying activities, reflecting a lower demand for Biodiesel. This demand drop coincides with a fall in the price of Palm oil, which is the primary raw material used to produce Biodiesel. Notably, Malaysian palm oil futures have shown a decrease due to reduced yields, a trend expected to continue into the near future. Although the prices of palm oil have decreased, leading to lower costs in producing Biodiesel, the prices have subsequently dropped. Both Indonesia and Malaysia, being the largest producers of palm oil, greatly influence the global market for this commodity. Their increased exports have led to a greater availability of palm oil, further driving down the production costs for Biodiesel producers in the region.

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