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OILS & FATS
27-09-2024

KLK Has More Room For Growth In Middle East And North Africa

26/09/2024 (Business Today) - Underpenetrated market in the Middle Eastern and the adjacent North African regions can offer further growth for local palm oil and specialty products exporters such as Kuala Lumpur Kepong (KLK), according to analysts.

OILS & FATS
26-09-2024

KLK in JV to manufacture, sell and market palm oil

26/09/2024 (The Star), Petaling Jaya - Kuala Lumpur Kepong Bhd (KLK) and Alami Commodities Sdn Bhd have formalised a memorandum of understanding (MoU) in relation to a joint venture (JV), KLK Alami Edible Oils Sdn Bhd (KAEO), for the manufacturing, sales and marketing of palm oil and specialty fats.

OILS & FATS
26-09-2024

Global AES Prices Spike Amid Rising Production Costs and Palm Oil Pressures

25/09/2024 (Chemanalyst) - In late September 2024, the global AES (Alkyl Ether Sulfate) market experienced a notable surge as production costs escalated. Prices for AES increased by approximately 4% across both the US and Asian markets in the week ending September 20. This rise was primarily driven by a significant 15% increase in the price of Fatty Alcohol, a critical feedstock, in major Southeast Asian exporters like Malaysia and Indonesia. This spike in Fatty Alcohol prices can be traced back to a 2.6% rise in palm oil prices in Southeast Asia during the latter half of September, further inflating AES production costs.

OILS & FATS
26-09-2024

Malaysian palm oil futures extend gains to sixth straight session

26/09/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures extended gains to a sixth straight session on Wednesday, closing at their highest level in over two-and-a-half months, as strength in Dalian contracts outweighed profit-taking in other rival oils.

OILS & FATS
26-09-2024

Certa Ireland opens tenth HVO site

25/09/2024 (Trans.Info) - Certa Ireland, part of DCC plc, now offers HVO at one in five of its 49 unmanned, the company announced on Tuesday.

OILS & FATS
26-09-2024

Palm Oil Price Surge Reshapes Asia-Pacific Market Dynamics in the Current Week

25/09/2024 (Chemanlyst) - The recent surge in Malaysian Palm Oil prices has sent ripples across the Asia-Pacific (APAC) region, significantly impacting market sentiments and trade dynamics. This price hike, coupled with India's recent decision to raise import duties, has led to a series of cancellations and strategic shifts among refiners and importers, thereby affecting the overall market dynamics. As per the recent market development, Indian refiners have canceled approximately around of 100,000 metric tons of Palm Oil purchases scheduled for delivery between October to December. This decision follows New Delhi's move to raise import duties by about 20 percentage points, significantly increasing the total import duty on crude Palm Oil from the previously expected 5.5% to nearly 27.5%.

OILS & FATS
25-09-2024

Oil palm planters want incineration of empty fruit bunches to be allowed

24/09/2024 (Borneo Post Online), Kuching - The oil palm industry is appealing for an extension of the incineration process that converts empty fruit bunches (EFB) into organic fertiliser.

OILS & FATS
25-09-2024

India raises customs duty on edible oils to support farmers

24/09/2024 (Ofi Magazine) - The Indian government has raised customs duty on edible oils in a bid to support oilseed farmers, Reuters reported.

OILS & FATS
25-09-2024

Oil-type sunflower acres drop almost 50%

24/09/2024 (Farm Progress) - Area planted to sunflower in 2024 decreased 46% from 2023 and totals 715,200 acres, according to the initial USDA Farm Service Agency crop acreage report. The planted area of oil-type varieties, at 593,930 acres, is down 49% from 2023.

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