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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
Edible oil processors told to maintain retail prices
04/11/2024 (Bangkok Post) - The Commerce Ministry has urged edible oil processors not to raise retail prices as there are no factors affecting production costs.
ICE Canada Morning Comment: Canola Dips with Lower Veg Oils
04/11/2024 (Market Screener), Manitoba - Intercontinental Exchange canola futures eased back on Monday morning, taking its lead from other vegetable oils.
Council to trial bin lorry vegetable oil fuel
04/11/2024 (BBC) - Bin lorries and street cleaning vehicles in part of Nottinghamshire could run on vegetable oil in the future in a bid to cut fleet emissions by a third.
Cepsa supplies biofuels to Japan’s NYK line
04/11/2024 (Biofuels International) - Cepsa has delivered second-generation biofuels to Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) in the Bay of Algeciras.
Palm oil surges to two-year high on firm exports and crude rally
01/11/2024 (The Edge Malaysia) - Palm oil rallied for a third day to its highest level in more than two years, on strong demand amid concerns over tightening supply.
Johari: Ministry committed to ensuring sustainable palm oil
03/11/2024 (New Straits Times), Rembau - The Plantations and Commodities Ministry is committed to ensuring all industry players, including oil palm smallholders, obtain Malaysian Sustainable Palm Oil (MSPO) certification.
Johor, Japan's Fuji Oil to develop RM500 mil palm oil refinery in Kota Tinggi
03/11/2024 (New Straits Times), Iskandar Puteri - Johor has signed an agreement with Japanese food industry leader Fuji Oil Holdings Inc. (Fuji Oil) to build a RM500 million specialized palm oil and fats refinery in Pasir Logok, Kota Tinggi.
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
01/11/2024 (Chemanalyst) - In late October 2024, global Stearic Acid prices continued to rise due to increased production costs and shortages of feedstock Palm Oil in key Southeast Asian markets, particularly Malaysia and Indonesia. These developments led to higher-priced imports of Stearic Acid across Asia, North America, and Europe
Palm oil provides support to soybean oil prices
01/11/2024 (Food Business News), Kansas City - Soybean oil futures have been on a rollicking ride during this year’s soybean harvest. On Aug. 16, the nearby CME Group soybean oil futures contract tumbled to a four-year low after a bearish August Crop Production report from the US Department of Agriculture forecast record-high soybean production and yield for the 2024 crop that was even larger than initially anticipated by many in the trade. As a result, soybean oil futures prices fell to multi-year lows, but they didn’t stay there long, even as harvest of the massive domestic crop advanced and stocks began to build.
