Berita Arkib

13/11/2024 (The Edge Malaysia) - Bursa Malaysia Derivatives Exchange (BMD) is planning to launch its new used cooking oil (UCO) futures contract as early as December, the director of the Malaysian bourse said on Wednesday.

12/11/2024 (Business Today) - Sarawak Oil Palms Bhd (SOP) is poised to continue benefitting from rising crude palm oil (CPO) prices, which recently surged past RM5,000 per tonne.

13/11/2024 (The Star), Petaling Jaya - Analysts are mostly revising upwards their crude palm oil (CPO) price forecasts for the remainder of 2024 and first quarter of 2025 (1Q25) following growing concerns over declining production and supply tightness.

12/11/2024 (Chemanalyst) - Building on two decades of progress, the Roundtable on Sustainable Palm Oil (RSPO) has called for more focused efforts to scale innovation and drive transformative changes in the palm oil sector. The RSPO’s Annual Roundtable Conference (RT2024), supported by Thailand's Ministry of Agriculture and Cooperatives, was held in Bangkok from November 11-13, as preparations for the RSPO 2024 Standards were underway. These revised Standards include the 2024 RSPO Principles & Criteria (P&C) and the 2024 RSPO Independent Smallholder (ISH) Standard. They aim to provide clearer, more auditable guidelines while focusing on critical issues such as deforestation, human rights due diligence, and smallholder inclusion in global supply chains.

12/11/2024 (Oils & Fats International) - Japanese oils and fats company Fuji Oil Asia has signed an agreement with palm oil producer Johor Plantations Group (JPG) to build a speciality oils and fats refinery in Malaysia, The Star wrote.

12/11/2024 (Biofuels International) - Norwegian Cruise Line’s Norwegian Dawn has received a GoodFuels B30 sustainable biofuel blend while docked at the Ijmuiden Cruise Terminal in the Netherlands.

11/11/2024 (The Edge Malaysia), Kuala Lumpur - Malaysia’s palm oil stocks at the end of October this year fell 6.32% from the previous month to 1.88 million metric tonnes, the first decline in inventory in three months, data from the industry regulator showed on Monday.

11/11/2024 (New Straits Times), Kuala Lumpur - BMI Research has raised the Bursa Malaysia-listed three-month crude palm oil futures contracts in 2024 and 2025 by at least five per cent on tighter supplies.

11/11/2024 (Oils & Fats International) - The Malaysian Palm Oil Board (MPOB) has set a target of more than 90% of independent smallholders (ISH) to achieve Malaysian Sustainable Palm Oil (MSPO) certification by the end of next year, The Star reported.

11/11/2024 (1news) - The Foodstuffs-commissioned data analysis suggests supplier costs to its supermarkets have reached their lowest point in years, rising an average of 2% in October compared to the same time last year.

12/11/2024 (Chemanalyst) - On Friday, 8 November, the UK’s Trade Remedies Authority (TRA) provisionally recommended that a countervailing duty on biodiesel imported from Argentina be maintained until February 2029. In its Statement of Essential Facts (SEF), the TRA suggested that this duty should remain between 25% and 33.4%. The products included in this review are “fatty-acid mono-alkylesters or paraffinic gasoils obtained from synthesis or hydrotreatment of non-fossil origin in pure form or as part of a blend,” commonly referred to as biodiesel. This recommendation is part of the TRA’s ongoing transition review assessing the impact and future need of existing trade measures following the UK’s exit from the EU.

09/11/2024 (Chemanalyst) - Indonesia is moving forward with a bold vision to boost its palm oil production significantly in the coming years, driven by its ambitious plans to expand the use of biodiesel in its energy mix. At the Indonesia Palm Oil Conference, Airlangga Hartarto, Indonesia’s Coordinating Minister for Economic Affairs, expressed optimism that the country's palm oil output could be scaled up to meet growing energy demands as the government prepares to implement a higher biodiesel mandate. Under the new policy, Indonesia will raise the mandatory biodiesel blend from 35% (B35) to 40% (B40) by 2025. This is part of an ongoing effort to reduce the nation’s dependence on imported fossil fuels, improve energy security, and support the palm oil sector, which remains a vital pillar of the country's economy.