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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm slips over 1% on weaker soyoil, bearish MPOB data
EIA: Biodiesel capacity falls slightly
16/08/2024 (Biodiesel Magazine) - There were 56 biodiesel plants with a combined 2.09 billion gallons per year of production capacity in the U.S. as of Jan. 1, 2024, according to data released by the U.S. Energy Information Administration on Aug. 15.
India’s July 2024 palm imports surge to near one-year high on festive demand
14/08/2024 (The Edge Malaysia), Mumbai - India’s palm oil and soyoil imports surged to their highest levels in about a year in July this year, as refiners increased purchases for upcoming festivals amid a correction in prices, a leading trade body said on Wednesday.
The Seed Oil Free Alliance Certifies Promising New Cooking Oil Made from Algae
13/08/2024 (Business Wire), Boca Raton - The Seed Oil Free Alliance announced today that professional chefs and home cooks shopping for Seed Oil Free Certified™ cooking oils now have an exciting new alternative as two US-based companies are harnessing technology to produce cooking oil from microalgae. Spotlight Foods is the first company producing oil through fermentation to complete certification by the Seed Oil Free Alliance alongside retailer Algae Cooking Club. Seed Oil Free Certification of both companies’ products followed independent lab testing by the Seed Oil Free Alliance.
TotalEnergies supplies first 100% cooking oil biofuel in Singapore
13/08/2024 (Offshore Technology) - TotalEnergies announced that its maritime arm had supplied its first B100 biofuel bunker to Singapore on 5 August.
CARB proposal would strengthen near-term LCFS targets, cap the use of soy and canola feedstock
15/08/2024 (Biodiesel Magazine) - The California Air Resources Board on Aug. 12 published a notice outlining modifications to its proposed Low Carbon Fuel Standard amendments, including those related annual carbon intensity (CI) targets, biomass-based diesel feedstocks, and sustainable aviation fuel (SAF).
Soybean and palm oil prices fell to multi-month lows
14/08/2024 (UkrAgroConsult) - In the August FAS USDA report, the forecast for the world production of vegetable oils in MY 2024/25 was reduced by 0.95 to 227.1 million tons (223.92 million tons in MY 2023/24; 223.88 million tons in MY 2022/23 and 218 .33 million tons in MY 2021/22), in particular sunflower – by 0.91 to 20.58 (22.19) million tons and palm oil – by 0.36 to 79.83 (79.03) million tons, which partially will be compensated by an increase in the production of rapeseed oil by 0.26 to 34.19 (34.18) million tons and soybean oil – by 0.16 to 65.52 (62.32) million tons.
ACE-Market listed Sik Cheong adopts swift inventory strategy to navigate CPO price fluctuations
13/08/2024 (The Edge Malaysia), Kuala Lumpur - Cooking oil distributor Sik Cheong Bhd (KL: SCB) has implemented a strategy to minimise its exposure to crude palm oil (CPO) price fluctuations by maintaining a swift inventory turnover, according to managing director Wong Hing Ngiap.
Malaysian palm oil lower on weak export
13/08/2024 (Business Recorder) - Malaysian palm oil futures ended lower on Monday, ending a two-session rise as softening exports in early August and a stronger ringgit outweighed tightening inventories.
Newcastle Airport to power vehicles with vegetable oil to reduce carbon dioxide emissions by 90%
13/08/2024 (Chronicle Live) - Newcastle International Airport are set to power vehicles with vegetable oil to reduce carbon dioxide emissions by up to 90%. Currently, 31% of the vehicle fleet are already electric and those remaining will now switch from diesel fuel to hydrotreated vegetable oil.
