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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Brazil’s Grupo Potencial set to invest US$109M in biodiesel plant
06/11/2024 (Oils & Fats International) - Brazil’s privately owned Grupo Potencial is planning to invest BRL 600M (US$108.86M) to increase biodiesel output at one of its plants, according to a Reuters report.
Palm oil ends higher on rival oils strength, weaker ringgit
06/11/2024 (Reuters), Jakarta - Malaysian palm oil futures closed up on Wednesday, supported by gains in rival vegetable oils and a weaker ringgit, while investors look for cues from an industry conference in Indonesia starting later this week and Malaysian Palm Oil Board data due next week.
USDA: September biodiesel exports up when compared to last year, imports down
06/11/2024 (Biodiesel Magazine) - The U.S. exported 67,975.3 metric tons of biodiesel and biodiesel blends of B30 or greater in September, according to data released by the USDA Foreign Agricultural Service on Nov. 5. Biodiesel imports were at 88,055.9 metric tons for the month.
Palm oil prices set to rally in 2025, with AmInvestment now overweight on plantation
05/11/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil prices will strengthen in 2025, as tight supply of edible oil boosts earnings of Malaysian planters, AmInvestment Bank said in recommending that investors add exposure to the sector.
Monitoring in South intensified to prevent smuggling of palm oil
05/11/2024 (The Nation) - The Department of Internal Trade is intensifying monitoring in southern border areas to prevent smuggling of palm oil amid rising domestic prices.
CPO FUTURES ENDS FOUR-DAY WINNING STREAK TO CLOSE LOWER
05/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended a four-day winning streak closing lower, taking the cue from the weakness in Chicago Board of Trade (CBOT) soybean oil futures, a dealer said.
Germany is leading biodiesel supplier to the US
05/11/2024 (Biofuels International) - US biodiesel imports have been plentiful over the past few months and since 2022 import volumes have doubled.
Vegetable oil proves good for transformers and environment
06/11/2024 (ESD News) - After 20 years of research, Essential Energy has proven that vegetable oil isn’t just for frying chips - it’s also for insulating transformers.
Palm ends higher on rival oils; market eyes key data
04/11/2024 (Reuters), Jakarta - Malaysian palm oil futures closed up on Monday, following rival vegetable oils, while the market awaits Malaysian Palm Oil Board (MPOB) data and export figures.
