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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
Malaysia consistent in ensuring environmental sustainability in palm oil production, says KPK sec-gen
10/09/2024 (The Edge Malaysia), Rotterdam - Malaysia has consistently taken proactive steps to ensure that the environmental sustainability of its palm oil industry meets European standards and deforestation regulations, said Ministry of Plantation and Commodities (KPK) secretary-general Datuk Yusran Shah Mohd Yusof.
Climate action through circularity and waste management: Malaysian palm oil company IOI’s approach
10/09/2024 (Eco-Business) - Industrial waste is often treated in most sectors as a disposal challenge, but agribusinesses have long leveraged on the organic by-products of their crops as valuable resources. Malaysia’s palm oil companies are no exception, using regenerative agricultural techniques such as mulching and organic composting to enrich the soil and improve yields.
New EU law sparks concern in Indonesia’s palm oil industry
10/09/2024 (Scandasia) - A new EU law set to take effect on December 30 has sparked concern in Indonesia’s palm oil industry. Eddy Martono, head of the Indonesian Palm Oil Association (GAPKI), told The Financial Times that the regulation could cause chaos if implemented without delay.
Egypt’s GASC receives offers in international vegetable oils tender
10/09/2024 (Reuters), Dubai - The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Tuesday was $1,036 per metric ton cost and freight (c&f) for 12,000 tons of soyoil, traders said.
CPO Futures Close Lower On Weaker Soybean Oil Market
09/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday as it tracked the weakness of the soybean oil market on the Chicago Board of Trade (CBOT), according to palm oil trader David Ng.
Palm oil ends lower after sell-off in rival soyoil
09/09/2024 (Reuters), New Delhi - Malaysian palm oil futures ended lower on Monday after a sell-off in rival soyoil, while the market awaits the Malaysian Palm Oil Board's widely watched data on output and inventories.
Local Planters To Gain From Indonesia’s Export Levy Plans: Maybank
09/09/2024 (Business Today) - Indonesia is considering a reduction in export levies on crude palm oil (CPO) and palm derivatives, a move expected to positively impact regional planters. The proposal aims to enhance price competitiveness against rival vegetable oils by simplifying levies to a flat rate of 7.5% for CPO, 4.5% for RBD Palm Oil and RBD Palm Olein, and 3% for biodiesel. This follows recent relaxations in domestic market obligation (DMO) rules, which are anticipated to benefit exporters as well.
Soybeans Resume Rally on Monday
09/09/2024 (Barchart) - Soybean futures are taking back the Friday losses with gains of 10 to 13 cents at midday. Soymeal futures are up 30 cents/ton in the October contract. Soy Oil futures are turning around for gains of 94 points in October. The CME reported 65 deliveries issued for September soybeans, with 100 for soybean meal and 0 for bean oil.
Indonesia’s palm oil B50 biodiesel blend aims for renewable energy without compromising global palm oil supply demands
09/09/2024 (The Independent) - Indonesia, the world’s leading palm oil producer, aims to harness its vast reserves as a renewable energy source. Since 2008, the country has been blending palm oil with fossil fuel-based diesel to create biodiesel, starting with a modest B2.5 mix.
