PALM NEWS MALAYSIAN PALM OIL BOARD Friday, 22 Nov 2024

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Carian Terperinci

Berita Arkib

MARKET DEVELOPMENT  
  31-07-2024

Adani Wilmar to invest ₹600 crore to expand edible oil business, solar power capacity

30/07/2024 (Hindustan Times), India - Adani Wilmar Ltd plans to invest around ₹600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more food products for consumers as well as institutional buyers to achieve higher growth in volume terms, its MD & CEO Angshu Malick said on Tuesday.

OILS & FATS  
  31-07-2024

Cargill’s new canola plant in Saskatchewan more than halfway complete

30/07/2024 (Ofi Magazine), Canada - Global agribusiness giant Cargill is halfway through construction of its new canola plant in Saskatchewan, Canada.

OILS & FATS  
  31-07-2024

Drought and rain during harvest impacts olive oil production in Uruguay

30/07/2024 (Ofi Magazine), Uruguay - Olive oil production in Uruguay has been impacted by drought conditions followed by rain during the harvest, Olive Oil Times wrote.

OILS & FATS  
  30-07-2024

Palm oil declines, weighed down by weaker Dalian rivals and firm ringgit

29/07/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell on Monday, weighed down by weakness in rival vegetable oils on the Dalian Commodity Exchange and a firm ringgit.

OILS & FATS  
  30-07-2024

Cpo Futures Close Lower Due To Weaker Soybean Futures

29/07/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday, due to weaker soybean oil prices on the Chicago Board of Trade (CBOT), said a dealer.

OILS & FATS  
  30-07-2024

Petronas, Eni and Euglena team up for new biofuels project in Malaysia

29/07/2024 (Upstream) - Petronas, Eni-controlled Enilive and Euglena have taken the final investment decision for a biorefinery that will be built within Petronas’ Pengerang Integrated Complex (PIC) in Johor, southern Malaysia.

OILSEEDS  
  30-07-2024

Soybean Close Lower, but Well off Early Lows

29/07/2024 (Barchart) - Soybeans ended the Monday session rallying off the early morning lows. Contracts closed with 8 to 10 cent losses in the front months and other nearby August down 25 ½. Product pressure via oil was in play, with Soy Oil futures down 12 to 83 points in the nearbys and higher in the deferreds. Soymeal futures were up 70 cents to $2.20/ton in the front months.

OILS & FATS  
  30-07-2024

Report: Thailand to implement 1% SAF target in 2026

30/07/2024 (Biodiesel Magazine) - Thailand’s newly proposed National Energy Plan is expected to set a target for sustainable aviation fuel (SAF) starting in 2026, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network in July. The plan also includes targets for ethanol and biodiesel.

OILS & FATS  
  30-07-2024

China's Zhuoyue Drops Despite New Biofuel Plans in Singapore and Saudi Arabia to Avert EU Tariffs

29/07/2024 (Yicai) - Shares of Zhuoyue New Energy continued falling despite the Chinese biodiesel producer's fresh investment plans in Singapore and Saudi Arabia to avoid paying new anti-dumping duties on exports to Europe.

OILS & FATS  
  30-07-2024

Steady demand, higher realisations to drive revenues of edible oil palm refiners, says CRISIL study

29/07/2024 (The Hindu Business Line) - The operating profitability is seen rising 40-50 basis points (bps) to around 3.5 per cent owing to favourable prices and continuation of duty-free imports.

OILS & FATS  
  29-07-2024

Indonesia’s Palm Oil Market Potential in Africa: Insights from Angola

26/07/2024 (Africa.com) - Angola, located in the western part of Africa, is emerging as a promising market for Indonesian palm oil on the African continent. Several regions in Angola are ready to be developed for palm oil cultivation. This potential was highlighted during a recent visit by the Indonesian Ambassador to Namibia accredited to Angola, Wisnu Edi Pratignyo, on Thursday, July 25 2024.

OILS & FATS  
  29-07-2024

Southern Acids to spend RM43.8 mil in FY2025 on planting, equipment and plant upgrades

26/07/2024 (The Edge Malaysia), Kuala Lumpur - Oleochemical and palm oil company Southern Acids (M) Bhd (KL:SAB) has allocated RM43.8 million to cover its capital expenditure (capex), including for planting, equipment purchase and plant upgrades.