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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
Indian Oil Sets New Benchmark in Sustainable Energy with Biodiesel Blending Milestone
02/09/2024 (NewsIP), New Delhi - Under the visionary leadership of IOCIAN's Mr. V Satish Kumar, Chairman of IndianOil, and with the esteemed guidance of Mr Ministers Hardeep Singh Puri and Nitin Gadkari, the company has been at the forefront of India's energy transition, driving innovation and sustainability in the sector.
Rising CPO prices in 2H to propel Hap Seng
02/09/2024 (The Star), Petaling Jaya - Hap Seng Plantations Holdings Bhd’s second-half (2H) earnings are expected to be better than its 1H on the back of higher sales volume and crude palm oil (CPO) prices, according to CGS International Research (CGSI Research).
Sarawak Oil Palms shares test one-month high after 2Q surprise
30/08/2024 (The Edge Malaysia), Kuala Lumpur - Shares of Sarawak Oil Palms Bhd (KL:SOP) rose on Friday to their highest in one month, after the plantation company reported second-quarter results that beat estimates.
Beef Fat Market to Reach $127.7 Billion by 2031, Driven by Rising Demand in Biodiesel and Animal Feed
01/09/2024 (EINPresswire), Wilmington, New Castle, Delaware, United States - According to a new report published by Allied Market Research, titled, “Beef fat Market," The beef fat market was valued at $59.8 billion in 2021, and is estimated to reach $127.7 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.
Indonesia’s Palm Oil Strategy: Navigating New Challenges And Opportunities – Analysis
01/09/2024 (Eurasia Review) - Indonesia, as the world’s largest producer of palm oil, has long relied on the European Union (EU) as one of its key export markets. However, recent developments have led the Indonesian Palm Oil Association (GAPKI) to reassess the strategic importance of the European market.
CPO Futures Snap Two-day Losing Streak To End Higher On Firmer Soybean Prices
29/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two days of losses to close higher on Thursday, driven by stronger soybean oil prices during Asian hours, said a dealer.
Palm oil snaps two-day losing run on short-covering
29/08/2024 (Reuters), Singapore - Malaysian palm oil futures rose on Thursday, after a two-day losing streak, as traders covered short positions in the market, although the prospect of higher import taxes in India, the world's largest vegetable oil buyer, limited gains.
Imports of Animal Fats and Processed Oils Have Skyrocketed
29/08/2024 (Southeast AgNet) - U.S. imports of animal fats, greases, and processed oils, including used cooking oil, skyrocketed to almost five billion pounds in 2023 from 2.2 billion pounds in 2022.
Soybeans Rallying on Thursday
29/08/2024 (Barchart) - Soybeans are trading with midday gains of 9 to 12 cents in the front months so far at Thursday’s midday. Support was noted from Export Sales data. Soymeal futures are up $1.40 in the October contract at midday. Soy Oil futures are 102 points higher in September ahead of first notice day.
