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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%
CPO Futures Snap Two-Day Gains To Close Lower
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Climate change drives up the price of olive oil and chocolate
22/04/2024 (Brighter World) - Climate change is part of the reason you’re digging deeper into your pockets at the grocery store, a McMaster economist says.
Demand for palm products to advance
19/04/2024 (Free Malaysia Today), Petaling Jaya - Demand for palm products is projected to advance due to better economic conditions in 2024, said Genting Plantations Bhd chairman Zahidi Zainuddin.
Main Market-bound MKH Oil Palm’s IPO oversubscribed by 8.43 times
19/04/2024 (The Edge Malaysia), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.
Palm oil set for 7% weekly loss on slowing demand; Middle East tensions underpin
19/04/2024 (Reuters), Beijing/Singapore - Malaysian palm oil futures surrendered early gains on Friday, setting them on course for a second consecutive weekly decline, as traders weighed concerns over escalating tensions in the Middle East and slowing palm oil demand.
Don tasks indigenous automobile firms on biodiesel technology
21/04/2024 (Blueprint) - A University Don, Prof. Segun Kevin Otoikhian, weekend, said indigenous automobile manufacturers and first time investors, as well as established plants should emulate similar firms in Indonesia, Brazil and USA whose economies have incorporated biodiesel technology.
Palm oil ticks up in range-bound trading as slowing demand outlook weighs
18/04/2024 (Reuters), Beijing - Malaysian palm oil futures firmed in range-bound trade on Thursday but remained near their lowest level in more than sixweeks, squeezed by expectations of slowing demand after the end of the Eid al-Fitr festive season.
CPO futures end lower for 5th consecutive trading day
18/04/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the fifth consecutive day, said palm oil trader David Ng.
HD Hyundai Oilbank kicks off biodiesel mass production
18/04/2024 (The Korea Economic Daily) - HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy business at home and abroad.
Proposed North Dakota Refinery To Co-Process Renewable Feedstocks
18/04/2024 (Biodiesel Magazine) - Meridian Energy Group Inc., the developer of a proposed greenfield oil refinery in Belfield, North Dakota, on April 16 announced that the facility will have the ability to co-process up to 4,000 barrels per day vegetable oil.
