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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
Oil palm farmers to press energy minister on B100 price issue
08/09/2024 (The Nation) - Representatives of oil-palm farmers will meet with Energy Minister Pirapan Salirathavibhaga on Monday to ask him to rescind his order that prohibits announcement of the reference price of 100% biodiesel.
Global vegetable oil prices increase
07/09/2024 (24.kg) - Vegetable oils rose in price in August by 0.8 percent compared to July. The Food and Agriculture Organization of the United Nations reported. According to its data, oil prices in August reached their highest level since January 2023.
Soybean Crush Demand and Biodiesel in Ohio
08/09/2024 (Ohio Country Journal) - Ohio currently has the ability to crush about 56% of the state’s soybean crop, which equates to roughly 168,000,000 bushels of soybean crush capacity, according to Madison Corbi, Ohio Soybean Council Manager for Demand and Market Development. “With the planned growth we see, if everything comes to fruition, roughly another 55,000,000 bushels crush capacity would be added. Once complete, and doing math based on our 10-year average soybean production numbers, we’re going to have the capacity of around 85 to 90% of our total soybean crop. That’s mostly driven by the need for vegetable oils here in the US,” said Corbi.
We consumed over 6,000 tons of palm oil in the first six months of the year alone
08/09/2024 (Fakti) - We consumed over 6,000 tons of palm oil just for the first six months of the year, and that - without our knowledge. The reason lies in the pastry shops and restaurants. There, the products are without a label that we can read and from which we can be informed about what we are eating, reported FOCUS.
Indonesia warns of ‘chaos’ from EU deforestation law
08/09/2024 (Financial Times) - Indonesian palm oil producers have warned of global supply chain disruption if the EU proceeds with a ban on the import of commodities linked to deforestation this year.
CPO futures rebound on soybean oil gains
05/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed earlier gains due to stronger performance in the soybean oil market during Asian trading hours, said palm oil trader David Ng.
Better prospects for plantation companies in 2H24
06/09/2024 (The Star), Kuala Lumpur - Plantation companies are expected to see steady performance for the second half of 2024 amid stable crude palm oil (CPO) prices through the year.
Malaysian palm oil lower
05/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses to a third straight session on Wednesday, tracking a drop in prices of rival vegetable oils and a decline in India’s palm oil imports.
Soybeans Weaker on Thursday, but Off the Lows
05/09/2024 (Barchart) - Soybeans are pulling off the early morning lows, with contracts down 2 to 3 cents in the nearbys at midday. Soymeal futures are dropping $5.50/ton in October. Soy Oil futures are back up 101 points in a rebound. There were no deliveries against September soybean meal or oil overnight, with 4 issued against September soybeans.
