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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
Rapeseed Oil Prices Rise Amid Tight Supplies and Growing Demand in Europe
27/05/2024 (Chemanalyst) - The European market has experienced a significant rise in Rapeseed Oil prices during April and early May, with projections indicating this trend will continue throughout May and beyond. This increase is driven by a combination of factors including reduced Rapeseed production, tight global vegetable oil supplies, and growing demand for biofuels. These factors have collectively made Rapeseed Oil highly sought after, resulting in price increases despite the overall availability of oilseeds globally.
Nutritious edible oil a must for public health: PROGGA
27/05/2024 (The Business Standard) - It emphasised the important role of vitamin-fortified edible oil in combating nutritional deficiency and improving public health. Apart from posing a threat to public health, the sale of unpacked edible oil in unhealthy drums is a barrier to proper implementation of the Vitamin Fortification in Edible Oil Act, 2013, says PROGGA (Knowledge for Progress).
Japan's Erex to develop biomass projects in Cambodia
27/05/2024 (Agus) - Japanese renewable power producer Erex is planning to launch biomass generation projects in Cambodia, aiming to build up to five 50MW plants by 2030.
Maker of Napolina sauces, tinned fish and Flora sunflower oil sold for over €800m
27/05/2024 (Irishexaminer) - Newlat Group will own around 44% of the new company, which will have expected consolidated turnover of about €3bn, Newlat said.
Soyabean, palm oil imports decrease
26/05/2024 (The Nation), Islamabad - Imports of edible oil including soyabean and palm into the country during the first 10 months of the current financial year decreased by 54.61 percent and 25.73 percent respectively as compared to the imports of the corresponding period of the last year. During the period from July-April 2023-24, over 108,205 metric tons of soyabeans valued at $116.600 million were imported to fulfill the local requirements of edible oil and vegetable ghee as compared to the imports of 180,373 metric tons costing $256.913 million of the same period of last year.
Malaysian palm oil erases early gains on rising output
26/05/2024 (Business Recorder), Mumbai - Malaysian palm oil futures erased early gains to end lower on Friday as a recovery in production offset the weakness of the Malaysian ringgit and expectations of improved demand after the prices of rival soft oils rallied more than palm oil this week.
P600-million palm oil project starts rolling
27/05/2024 (Inquirer.Net) - Garcia Refinery Corp. (Gareco) has started construction of its P600-million palm oil refinery in Soccsksargen, the first of its kind in Mindanao, that could help advance the local industry.
IOI Corp sees CPO prices at RM3,700-4,100 per tonne for next three months
24/05/2024 (The Star), Kuala Lumpur - IOI Corp Bhd expects crude palm oil (CPO) price to hover within the range of RM3,700 to RM4,100 per tonne during the next three months.
Johari to lead Malaysian delegation on working visit to Egypt, Türkiye
26/05/2024 (Bernama), Kuala Lumpur - Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani will lead a Malaysian delegation to Egypt and Türkiye for a working visit from May 27 to June 1, 2024.
