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OILS & FATS
12-11-2024

Malaysia’s end-October 2024 palm oil stocks snap rising streak, first decline since July

11/11/2024 (The Edge Malaysia), Kuala Lumpur - Malaysia’s palm oil stocks at the end of October this year fell 6.32% from the previous month to 1.88 million metric tonnes, the first decline in inventory in three months, data from the industry regulator showed on Monday.

OILS & FATS
12-11-2024

BMI raises 3-month CPO price forecasts for 2024, 2025 amid tighter supplies

11/11/2024 (New Straits Times), Kuala Lumpur - BMI Research has raised the Bursa Malaysia-listed three-month crude palm oil futures contracts in 2024 and 2025 by at least five per cent on tighter supplies.

OILS & FATS
12-11-2024

Malaysian Palm Oil Board targets 90% of smallholders to achieve MSPO certification by end of next year

11/11/2024 (Oils & Fats International) - The Malaysian Palm Oil Board (MPOB) has set a target of more than 90% of independent smallholders (ISH) to achieve Malaysian Sustainable Palm Oil (MSPO) certification by the end of next year, The Star reported.

OILS & FATS
12-11-2024

Supply issues drive up cooking oil prices for supermarkets

11/11/2024 (1news) - The Foodstuffs-commissioned data analysis suggests supplier costs to its supermarkets have reached their lowest point in years, rising an average of 2% in October compared to the same time last year.

OILS & FATS
12-11-2024

TRA Proposes to Keep Import Duty on Argentinian Biodiesel Unchanged Until 2029

12/11/2024 (Chemanalyst) - On Friday, 8 November, the UK’s Trade Remedies Authority (TRA) provisionally recommended that a countervailing duty on biodiesel imported from Argentina be maintained until February 2029. In its Statement of Essential Facts (SEF), the TRA suggested that this duty should remain between 25% and 33.4%. The products included in this review are “fatty-acid mono-alkylesters or paraffinic gasoils obtained from synthesis or hydrotreatment of non-fossil origin in pure form or as part of a blend,” commonly referred to as biodiesel. This recommendation is part of the TRA’s ongoing transition review assessing the impact and future need of existing trade measures following the UK’s exit from the EU.

OILS & FATS
11-11-2024

Indonesia Sets Sights on Expanding Palm Oil Production for Biofuel Growth

09/11/2024 (Chemanalyst) - Indonesia is moving forward with a bold vision to boost its palm oil production significantly in the coming years, driven by its ambitious plans to expand the use of biodiesel in its energy mix. At the Indonesia Palm Oil Conference, Airlangga Hartarto, Indonesia’s Coordinating Minister for Economic Affairs, expressed optimism that the country's palm oil output could be scaled up to meet growing energy demands as the government prepares to implement a higher biodiesel mandate. Under the new policy, Indonesia will raise the mandatory biodiesel blend from 35% (B35) to 40% (B40) by 2025. This is part of an ongoing effort to reduce the nation’s dependence on imported fossil fuels, improve energy security, and support the palm oil sector, which remains a vital pillar of the country's economy.

OILS & FATS
11-11-2024

Malaysia palm oil futures seen around and above RM5,000 to mid-2025, Mistry says

08/11/2024 (The Star), Nusa Dua - Malaysian benchmark palm oil futures are expected to trade above and around 5,000 ringgit ($1,141) per metric ton until June 2025, supported by tight supply and bullish demand, leading industry analyst Dorab Mistry said on Friday.

OILS & FATS
11-11-2024

Soybeans ease from one-month high after vegetable oil rally

08/11/2024 (Reuters), Paris/Canberra - Chicago soybean futures edged down on Friday after a one-month peak in the previous session as the focusturned from U.S. President-elect Donald Trump's victory in the Nov. 5 election to crop forecasts later in the day.

OILS & FATS
11-11-2024

Thailand cuts palm oil content in biodiesel to curb rising costs

08/11/2024 (The Nation) - The Energy Ministry will reduce the palm oil used in biodiesel fuel from November 21 onwards, turning it to B5 from B7 biodiesel, in the face of rising palm oil prices.

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