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OILS & FATS
09-10-2024

Competition in palm oil downstream segment to intensify

09/10/2024 (The Star), Petaling Jaya - The competition in the palm oil downstream segment may intensify in the second half of the year following the recent restructuring of tax policy in Indonesia, giving Indonesian downstream players an extra edge over their Malaysian counterparts.

OILS & FATS
08-10-2024

CPO futures close higher amid Middle East tensions, crude oil rally

07/10/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, bolstered by strength in the crude oil market amid escalating tensions in the Middle East, said palm oil trader David Ng.

OILS & FATS
08-10-2024

Malaysia to produce less palm oil – USDA attaché

08/10/2024 (Farmtario) - Palm oil production in Malaysia is projected to ease back in 2024/25 as compared to the previous year, said the United States Department of Agriculture (USDA) attaché in Kuala Lumpur.

OILS & FATS
08-10-2024

How Malaysia’s palm oil industry is championing biodiversity conservation, a key pillar of ESG

07/10/2024 (The Edge Malaysia) - There is a growing focus on environmental, social and governance (ESG) practices in the palm oil industry, with Malaysia — one of the largest palm oil producers in the world — at the forefront of this movement. The country has pledged to conserve biodiversity and prevent illegal deforestation, committing to maintain at least 50% forest cover. True to its word, 54.9% of Malaysia remained forested as at December 2023, it published in the Fourth National Communication Report to the United Nations Framework Convention on Climate Change

OILS & FATS
08-10-2024

Edible oils mission seeks to end import dependence

07/10/2024 (Policy Circle) - Edible oils mission: The government has taken a significant step to reduce the country’s dependence on imported edible oils. The Union Cabinet recently rationalised 18 centrally sponsored schemes of the agriculture ministry, with a total allocation of Rs 101,321 crore, into two key programmes. Among these is a National Mission on Oilseeds with an outlay of Rs 10,103 crore.

MARKET DEVELOPMENT
08-10-2024

Pothole machine fuelled by vegetable oil returns

07/10/2024 (BBC) - A new machine that repairs potholes while being fuelled on vegetable oil will be deployed across all of a county's rural roads.

OILS & FATS
08-10-2024

Solstad Offshore uses biodiesel in Norway bunkering operation

07/10/2024 (Manifold Times) - Solstad Offshore on Thursday (3 October) said it is now offering certified renewable biodiesel to its clients to decarbonise existing offshore vessels in the transition period towards zero-emission technologies in the future.

OILS & FATS
07-10-2024

Anwar hits up palm oil producers to head off woes on worker shortage, production rates ahead of Budget 2025

06/10/2024 (Bernama), Kuala Lumpur - The MADANI government remains committed to bolstering the country’s palm oil industry, Prime Minister Datuk Seri Anwar Ibrahim said.

MARKET DEVELOPMENT
07-10-2024

Double cover: Taxing issues for palm oil sector + Maybank making good headway towards key targets despite challenges

05/10/2024 (The Edge Malaysia), Kuala Lumpur - Although the palm oil sector has been the backbone of the Malaysian economy for over five decades, in recent years it has been beset by a myriad of problems, from rising production costs to stagnating yields to labour shortages.

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