Berita Arkib

06/08/2024 (Barchart) - Soybean bulls couldn’t manage to pull out strength on Tuesday, as price action turned around from Monday’s gains, with losses of 12 to 16 cents. Soymeal futures were down $8.20/ton in the September contracts, with August down $12.70/ton. Soy Oil futures were down 17 to 26 points.

06/08/2024 (Reuters), Buenos Aires - Two unions of soybean oil factory workers in Argentina announced a strike over wages on Tuesday, halting activity in one of the world's largest exporting hubs for processed soybeans.

06/08/2024 (Biofuels International) - According to a new report from the USDA the production of renewable diesel in the US has grown from 40 million gallons in the 2010/11 marketing year to 2.3 billion gallons in 2022/23 - surpassing biodiesel production for the first time.

06/08/2024 (The Hindu) - M11 Industries Private Limited, a subsidiary of M.K. Agrotech Private Limited,commenced operations at its biodiesel plant in Padubidri, Udupi district of Karnataka. The state-of-the-art facility is established under the ‘Make in India’ initiative with an investment of ₹350 crore. The company claims that the plant is the largest in India.

05/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell more than 3% on Monday to their lowest closing price in six months, as weaker crude oil prices and a stronger ringgit weighed on the market.

05/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives slipped on Monday, driven by bearish global sentiment and a sell-off in the equities market, said palm oil trader David Ng.

06/08/2024 (Financial Express) - The country is aiming to increase domestic palm oil production from the current level of 0.4 million tonne (MT) to 2.5 MT by 2032 under the national oil palm mission through adding at least 0.1 million hectare (MH) of new plantation annually in the five to six years, according to leading industry officials.

05/08/2024 (Reuters), Chennai/Bengaluru - India's Marico (MRCO.NS), opens new tab, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year.

05/08/2024 (Bar Chart) - Soybeans are trading with midday gains of 2 to 7 cents, ignoring the overnight losses, sharply lower equities and weaker products. Soymeal futures are down $2/ton on the session for the September contract. Soy Oil futures are 49 points lower in the September contract.

05/08/2024 (The National Herald), Athens - The soaring prices of olive oil in Greece, especially Extra Virgin, that has seen Greeks turning to cheaper brands of alternative oils could come down with expectations the 2024 crop will be bigger.

02/08/2024 (Malay Mail), Mumbai - India's palm and soybean oil imports surged to their highest levels in about a year in July, as refiners increased purchases following a price correction and in anticipation of a potential import duty hike, six dealers said on Friday.

05/08/2024 (New Straits Times) - On Oct 22, the Malaysian Oil Scientists and Technologists Association (MOSTA) will host the "Palm Oil Industry and the Circular Economy" conference in Kuala Lumpur.