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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Indonesia’s palm oil finds silver lining in biofuel, China amid EU trade row
As Indonesia, the world’s top palm oil producer and exporter, commits to fighting the EU’s ban on the use of palm oil for its member countries’ biodiesel, it may find solace near home.
Golden Agri Resources' loss widens 70.7% to $64.45m in H1
Softer crude palm oil (CPO) prices continued to drag on earnings.
Indonesia posts trade deficit in July on weaker commodity prices
Indonesia has recorded a trade deficit of US$63 million in July on the back of weak commodity prices that has affected its export value, according to Statistic Indonesia (BPS) data released on Thursday.
UPDATE 1-Brazil soy crusher Imcopa ends Petrópolis lease, eyes plant sale
SAO PAULO, Aug 15 (Reuters) - Imcopa, one of Brazil’s largest processors of non-genetically modified soybeans, has decided to unilaterally terminate a leasing contract with brewer Grupo Petrópolis for two crushing plants, according to an internal memo seen by Reuters.
Petroleum companies ramp up HVO production in Europe
Production of hydrotreated vegetable oil (HVO) in the European Union has picked up pace since 2012. Petroleum companies, such as Neste, Eni and Total, were the main entities promoting the creation of corresponding capacities. From the perspective of the Union zur Förderung von Oel- und Proteinpflanzen (UFOP), the key reason for the development is that the indirect land use change (iLUC) regulation introduced in 2015 permits that biofuels from waste oils and fats can be counted double. At the same time, pressure on prices has increased in the international vegetable oil markets.
Actress Judi Dench’s stint in Sabah opened her eyes to ‘complex issue’ of palm oil industry
KOTA KINABALU, Aug 15 — Oscar-winning British actress came to Sabah to film a BBC documentary but along the way, she learned how “complex and nuanced†the palm oil industry really is.
Malaysia keeps September crude palm oil export duty at zero percent
Malaysia kept its export duty on crude palm oil for September unchanged at zero percent, according to a circular on the Malaysian Palm Oil Board's website on Wednesday, citing the national customs department.
Upcoming quarterly results for plantation firms seen weak
Maintain neutral: Malaysian palm oil inventories posted a surprise drop in July, bringing the inventory level to its lowest in a year, boosted by stronger-than-expected export demand, while imports halved from the previous month. Meanwhile, palm oil futures climbed for a sixth day to RM2,208 per tonne, the highest level in almost four months following the positive July performance. For the upcoming quarterly results, we expect another dismal performance from most of the plantation companies as crude palm oil prices have weakened to RM1,977 per tonne (year-on-year [y-o-y]: -16.7%; quarter-on-quarter: -1.3%). We maintain “neutral†on the sector outlook.
Outlook still lacklustre for planters as sector enters high production period
KUCHING: Outlook remains less-than-optimistic for plantation sector players with various factors in play suppressing the prices of crude palm oil (CPO).
