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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
Palm oil extends gains amid weather woes at oilseeds plantations
07/05/2024 (Reuters), Singapore - Malaysian palm oil futures rose on Tuesday for a second session, tracking sustained gains in soyoil amid poor weather in Brazil and Russia, while key palm producer Indonesia's adverse weather conditions also supported palm prices.
A diet rich in olive oil reduces the risk of Alzheimer's
07/05/2024 (Lavanguardia) - It provides direct benefits to the brain, as well as indirect benefits through better cardiovascular health.
Extra virgin olive oil prices tipped to top £16 a litre next month
07/05/2024 (The Guardian) - Olive oil prices are set to climb further this year – heading to more than £16 a litre for a bottle of extra virgin – amid a drop in global production to the lowest level in more than a decade.
Declining Demand Triggers Drop in Global Biodiesel Prices
07/05/2024 (ChemAnalyst News) - With the week ending on 03rd May, the price of Biodiesel in Indonesia fell by 1.3%, from USD 1170 per metric ton to USD 1155 per metric ton. This drop in price is largely attributed to a decrease in buying activities, reflecting a lower demand for Biodiesel. This demand drop coincides with a fall in the price of Palm oil, which is the primary raw material used to produce Biodiesel. Notably, Malaysian palm oil futures have shown a decrease due to reduced yields, a trend expected to continue into the near future. Although the prices of palm oil have decreased, leading to lower costs in producing Biodiesel, the prices have subsequently dropped. Both Indonesia and Malaysia, being the largest producers of palm oil, greatly influence the global market for this commodity. Their increased exports have led to a greater availability of palm oil, further driving down the production costs for Biodiesel producers in the region.
City Of Lincoln To Fuel Municipal Fleet With Biodiesel
08/05/2024 (Biodiesel Magazine) - The City of Lincoln has been awarded funding from the Nebraska Soybean Board to begin incorporating B20 biodiesel in its municipal fleet.
SPB’s crude palm oil production recovery on track
07/05/2024 (The Star Online), Petaling Jaya - The recovery of Sarawak Plantation Bhd’s (SPB) crude palm oil (CPO) production is on track, backed by expected fresh fruit bunch (FFB) yield improvement, growing matured area and higher replanting activities for financial year 2024 (FY24), says Apex Securities Bhd.
New oil palm harvesting technique promises reduced losses
06/05/2024 (New Straits Times) - IN Malaysia, palm oil production has reached its limit in cultivated areas. The limit is about six million hectares. As the country commits to the policy of maintaining at least 50 per cent forest cover, there is no more room to expand palm oil production.
Palm oil rises tracking soyoil, but export concerns linger
06/05/2024 (XM), Singapore - Malaysian palm oil futures closed higher on Monday, tracking gains in rival soyoil prices, although concerns around key producer Malaysia's exports weighed.
For sunflower oil refiners, volume to dip by 8-10 pc but operating margin likely to recover in FY25
05/05/2024 (The Economic Times) - Indian refined sunflower oil volumes are projected to witness a decline of 8-10 per cent in FY25 amid decline in demand of sunflower oil.
