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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
Indonesia designs agricultural commodities digital tracker in sustainability push
05/06/2024 (The Edge Malaysia), Jakarta - Indonesia plans to set up a digital dashboard by August to track its agricultural commodities, its economics ministry said, as the world's top palm oil exporter looks to monitor US$6.5 billion worth of products that face a new EU anti-deforestation rule.
An eco-friendly putty made from vegetable oil boosts coral reef recovery
05/06/2024 (Advanced Science News) - Restoring coral reefs could soon be much easier thanks to an easy-to-use, biodegradable putty used to secure coral fragments to reef rock, allowing the transplantation of new coral colonies. The quick-hardening putty, which can be mixed underwater, is the first product specifically formulated with coral reefs in mind.
Renewable diesel production surpasses biodiesel
05/06/2024 (Farm Progress) - USDA’s Economic Research Service reports that in 2022-23 for the first time, renewable diesel production has surpassed biodiesel production.
Palm oil erases early gains to close lower; monthly data in focus
05/06/2024 (Business Recorder), Jakarta - Malaysian palm oil futures shed early gains to close lower for a second consecutive session on Wednesday, as the market braced for export and production data from the world’s second-biggest producer.
India's May palm oil imports reach four-month high on price drop-dealers
04/06/2024 (Malay Mail), Mumbai - India's palm oil imports rose by 12.4 per cent in May from the previous month to reach the highest level in four months as the recent correction in prices led to higher purchases, five dealers told Reuters.
Palm slips more than 3% on weaker Dalian contracts and crude oil
04/06/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell more than 3% on Tuesday as trading resumed after a public holiday, with weakness in rival Dalian contracts and crude oil prices weighing on the market.
Palm oil slumps most in a year on losses in soyoil and crude oil
04/06/2024 (The Edge Malaysia), Jakarta - Palm oil posted the biggest intraday drop in nearly a year, tracking recent falls in soybean oil and crude petroleum oil, which have made the tropical oil less attractive for use in biofuels.
Bangchak to Stabilize Palm Oil Prices with B100
04/06/2024 (Bangkok Post) - Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, announced that in response to proposed solutions from the Department of Internal Trade to tackle declining palm oil prices, the company is poised to procure B100 at the standardised price set by the Energy Policy and Planning Office (EPPO) through BBGI Corporation, a major player in the biofuel industry and an affiliate of the Bangchak Group. BBGI will procure crude palm oil from extraction plants at a standardised price set by the Department of Internal Trade, in alignment with oil palm prices. This initiative aims to bolster support for farmers and promote the adoption of environmentally friendly energy sources.
APRIL CORN FOR ETHANOL USE, SOYBEAN CRUSH DOWN ON MONTH
03/06/2024 (Brownfield Ag News) - Corn for ethanol numbers were mixed in April.
