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CPO futures end higher on worries over weaker palm oil production
CPO prices set to trade between RM3,800 and RM4,200 per tonne in 2H2024, says MPOC
Palm oil set to rise in 2H as La Nina poses supply risk
CPO prices stay above RM4,000 for second straight day
EU ready to impose tariffs on Chinese biodiesel imports
22/07/2024 (Biofuels International) - The European Union looks set to impose provisional duties on Chinese biodiesel after finding it is being sold in EU markets at unfairly low prices.
Indonesia Tests B40 Biodiesel on Trains, Aims to Cut Fuel Imports by $9 Billion
22/07/2024 (Jakarta Globe), Yogyakarta - The Energy and Mineral Resources Ministry (ESDM) conducted its first trial of B40 biodiesel for railway transportation at Lempuyangan Station, Yogyakarta, on Monday. The Ministry anticipates that the use of B40 could save up to $9 billion in fuel import costs.
Malaysia commits to supplying China with sustainability-certified palm oil
19/07/2024 (Biofuels International) - Malaysia is committed to supplying China with Malaysian Sustainable Palm Oil (MSPO) certified palm oil and palm oil products.
Johari: Better replanting rate can raise Malaysian annual palm oil output by 2.5 million tonnes
19/07/2024 (New Straits Times), New Delhi - A better replanting rate of older oil palm areas can increase Malaysia's annual palm oil output by 2.5 million tonnes, Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said.
Smallholders in Sabah urged to increase oil palm replanting rate
21/07/2024 (Borneo Online), Kota Kinabalu - Deputy Minister of Plantation and Commodities, Datuk Chan Foong Hin has called on the oil palm industry players in Sabah, especially smallholders, to increase the replanting rate for aging oil palm areas to maintain the state’s palm oil productivity.
Setting the standard for Malaysian palm oil
22/07/2024 (The Edge Malaysia) - The environmental, social and governance (ESG) movement is gathering steam, but how much of it is real, and how much is hot air? Across industries, transparent and accountable ESG reporting is crucial to ensure that companies are on the right track to improve their environmental and social performance, strengthen governance and earn the trust of stakeholders. However, the lack of standardisation and challenges in quantifying impact have made the evaluation of ESG performance a difficult task.
Malaysia gets India’s backing in fight against anti-palm oil campaign
19/07/2024 (Free Malaysia Today), Petaling Jaya - Malaysia has secured the backing of India, the world’s largest palm oil importer, in combating the anti-palm oil campaign propagated by Western nations.
India’s middle-class growth fuelling Malaysia’s palm oil exports, says Johari
18/07/2024 (Free Malaysia Today), New Delhi - Malaysia’s palm oil exports to India will continue to rise in line with the growth of India’s middle-class consumer base, says plantation and commodities minister Johari Ghani.
Vegetable Oils Better For Your Heart Than Dairy Butter, Confirms New Study
18/07/2024 (Plant Based News) - A new study says that switching from saturated animal-derived fats like dairy butter to unsaturated oils from olives and nuts is better for your heart.