|
CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
New EU law sparks concern in Indonesia’s palm oil industry
10/09/2024 (Scandasia) - A new EU law set to take effect on December 30 has sparked concern in Indonesia’s palm oil industry. Eddy Martono, head of the Indonesian Palm Oil Association (GAPKI), told The Financial Times that the regulation could cause chaos if implemented without delay.
Egypt’s GASC receives offers in international vegetable oils tender
10/09/2024 (Reuters), Dubai - The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Tuesday was $1,036 per metric ton cost and freight (c&f) for 12,000 tons of soyoil, traders said.
CPO Futures Close Lower On Weaker Soybean Oil Market
09/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday as it tracked the weakness of the soybean oil market on the Chicago Board of Trade (CBOT), according to palm oil trader David Ng.
Palm oil ends lower after sell-off in rival soyoil
09/09/2024 (Reuters), New Delhi - Malaysian palm oil futures ended lower on Monday after a sell-off in rival soyoil, while the market awaits the Malaysian Palm Oil Board's widely watched data on output and inventories.
Local Planters To Gain From Indonesia’s Export Levy Plans: Maybank
09/09/2024 (Business Today) - Indonesia is considering a reduction in export levies on crude palm oil (CPO) and palm derivatives, a move expected to positively impact regional planters. The proposal aims to enhance price competitiveness against rival vegetable oils by simplifying levies to a flat rate of 7.5% for CPO, 4.5% for RBD Palm Oil and RBD Palm Olein, and 3% for biodiesel. This follows recent relaxations in domestic market obligation (DMO) rules, which are anticipated to benefit exporters as well.
Soybeans Resume Rally on Monday
09/09/2024 (Barchart) - Soybean futures are taking back the Friday losses with gains of 10 to 13 cents at midday. Soymeal futures are up 30 cents/ton in the October contract. Soy Oil futures are turning around for gains of 94 points in October. The CME reported 65 deliveries issued for September soybeans, with 100 for soybean meal and 0 for bean oil.
Indonesia’s palm oil B50 biodiesel blend aims for renewable energy without compromising global palm oil supply demands
09/09/2024 (The Independent) - Indonesia, the world’s leading palm oil producer, aims to harness its vast reserves as a renewable energy source. Since 2008, the country has been blending palm oil with fossil fuel-based diesel to create biodiesel, starting with a modest B2.5 mix.
Oil palm farmers to press energy minister on B100 price issue
08/09/2024 (The Nation) - Representatives of oil-palm farmers will meet with Energy Minister Pirapan Salirathavibhaga on Monday to ask him to rescind his order that prohibits announcement of the reference price of 100% biodiesel.
Global vegetable oil prices increase
07/09/2024 (24.kg) - Vegetable oils rose in price in August by 0.8 percent compared to July. The Food and Agriculture Organization of the United Nations reported. According to its data, oil prices in August reached their highest level since January 2023.
