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OILS & FATS
02-07-2024

Palm tracks rival edible oils higher

01/07/2024 (Reuters), Jakarta - Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries over subdued production and tracking rival edible oils higher.

OILS & FATS
02-07-2024

Farm robots help plug worker shortage in Malaysian palm oil

01/07/2024 (Bloomberg) - A drone buzzes between trees on a humid Malaysian morning, monitoring the oil palm fruits as they ripen. Self-driving trucks rumble over the vast plantation’s uneven ground, laying fertilizer and picking up the densely packed harvested bunches.

OILS & FATS
02-07-2024

Black Sea sunflower oil prices decline as veg oil complex applies pressure

01/07/2024 (Fastmarkets) - This came with an ample supply of soybean oil, a relatively significant price differential between soybean oil and sunflower oil, and falling prices for other vegetable oils, combining to put pressure to the entire complex and encouraging buyers to turn to alternatives.

OILS & FATS
02-07-2024

Soybeans Gain Strength Throughout Monday

01/07/2024 (Barchart) - Soybeans found some assistance from bean oil on Monday, as futures were up 7 to 12 ½ cents across most contracts. Soymeal were up $3 to $5.20/ton in the nearbys, but down 90 cents to $3.10 across the other contracts. Soy Oil futures were up 168 to 206 points on some help from crude oil.

OILS & FATS
02-07-2024

‘Stress test’: Olive oil producers adapt to climate change as production falls and prices soar

01/07/2024 (Malay Mail), Madrid - Olive oil producers are improving irrigation and seeking new varieties of olives to safeguard production as climate change upends harvests, causing prices of the staple of the Mediterranean diet to soar.

OILS & FATS
02-07-2024

CPO Reference Gets Escalated: OF and Levy Would be US$ 118 per Ton in July 2024

01/07/2024 (InfoSAWIT), Jakarta - Reference price of crude palm oil oil ( CPO) to decide out fee (OF) and tariff on Palm Oil Oil Plantation Fund Management Agency (PFMA) or known as levy in July 2024 would be US$ 800,75/metric ton (MT). The numbers got escalated US$ 21,93 or 2,82 percent from June 2024 that were US$ 778,82/MT.

OILS & FATS
01-07-2024

Malaysia and China’s 50-year palm oil partnership: From inception to global impact

30/06/2024 (Malay Mail), Putrajaya - As 2024 marks five decades of diplomatic relations between Putrajaya and Beijing, it’s noteworthy that Malaysia holds the distinction of being China’s inaugural palm oil exporter, a milestone achieved in the mid-1980s.

OILS & FATS
01-07-2024

Sabah to produce tocotrienols from palm oil by-product

30/06/2024 (The Borneo Post), Kota Kinabalu - Malaysia’s first facility utilizing refined palm oil by-products to produce tocotrienols is under construction in Kunak.

OILS & FATS
01-07-2024

Soaring olive oil prices hurt sales of ‘liquid gold’ in Mediterranean heartland

28/06/2024 (Financial Times) - Sales of olive oil have plunged in its Mediterranean heartland as Spaniards and Italians shunned their most beloved culinary ingredient following steep price rises.

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