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WORLD
03-10-2023

Bulgaria extends import ban on Ukraine's SFS

Bulgaria has extended its import ban on Ukrainian sunflower seed (SFS) until the end of November. But Ukrainian companies continue to make deals with Bulgarian buyers, awaiting the resumption of trade in December, supported by the local crushing industry's needs.

WORLD
03-10-2023

IRFA urges farmers to apply for on-farm biodiesel credit program

On Sept. 28, the Iowa Renewable Fuels Association launched the latest round of its statewide On-Farm Biodiesel Credit program to give back to farmers dedicated to using higher biodiesel blends. Farmers who are buying higher biodiesel blends can receive up to 50 cents per gallon. To be eligible, farmers must be filling an on-farm tank in Iowa being used in an agricultural operation.

MARKET DEVELOPMENT
02-10-2023

CPO futures likely to trade on upward bias next week

01/10/2023 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a slight upward bias this week due to the recent strength in the crude oil market, said palm oil trader David Ng.

MARKET DEVELOPMENT
02-10-2023

Aging palm trees show a crisis looms for the world’s everything oil

01/10/2023 (The Edge Malaysia), Kuala Lumpur/Jakarta - Across swathes of Southeast Asia, maturing palm oil trees, some as tall as a 12-storey building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere.

OILS & FATS
02-10-2023

Palm Oil Banned By Europe: Indonesian Strategy And Diplomacy – OpEd

02/10/2023 (EurAsia Review) - On May 16 2023, the European Union (EU) passed the European Union Deforestation Regulation (EUDR) regarding deforestation and prohibiting environmentally unfriendly products. One of the commodities affected is Indonesia’s main product, palm oil; palm oil could not enter 27 European countries. In the EUDR, exporters such as Indonesia must submit due diligence and verification documents. In addition, Indonesia must guarantee that palm oil does not come from deforestation areas starting January 1, 2021.

MARKET DEVELOPMENT
02-10-2023

Malaysian palm oil to trade between 3,700-4,500 rgt/T until mid-2024- analyst Mistry

01/10/2023 (Hellenic Shipping) - Malaysian palm oil is expected to trade between 3,700 to 4,500 ringgit ($790-960) per metric ton from now until mid-2024, as an El Niño weather pattern threatens supplies amid rising demand from the food and biodiesel sectors, industry analyst Dorab Mistry said.

OILS & FATS
02-10-2023

Indonesia, Malaysia Seek to Counter Negative Perception of Palm Oil in India

28/09/2023 (Jakarta Globe), Mumbai - Indonesia and Malaysia are determined not to lose the palm oil market in India, the biggest importer of the commodity, due to perceptions of their products being unsustainable.

MARKET DEVELOPMENT
29-09-2023

MPOB says Malaysia’s 2024 palm oil output to rise despite El Nino

28/09/2023 (Malay Mail) - Malaysia’s palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino weather pattern, the Malaysian Palm Oil Board (MPOB) said on Thursday.

MARKET DEVELOPMENT
29-09-2023

Indonesian Palm Oil Association sees palm oil prices rising in 2024 as El Nino crimps domestic output

28/9/2023 (The Edge Malaysia), Mumbai - Crude palm oil (CPO) prices in 2024 are likely to average at least 11% more than this year as El Nino weather patterns are expected to reduce output in top producer Indonesia, the Indonesian Palm Oil Association (GAPKI) said on Thursday.

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