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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
EU palm oil use and imports seen plummeting by 2032
08/12/2022 (Reuters), Paris - The share of palm oil in biodiesel and in food in the European Union is expected to fall significantly within the next 10 years, leading to a sharp drop in imports, the European Commission said on Thursday.
Palm oil price projected to remain strong
08/12/2022 (The Star Online), Petaling Jaya - The price of crude palm oil (CPO) is likely to remain firm as the local estates enter into the low-production season amid strong demand due to the upcoming Christmas and Chinese New Year festivities, says CGS-CIMB Research.
Palm oil tumbles to two-week low as soybean oil extends losses
06/12/2022 (The Edge Markets) - Palm oil has dropped to the lowest in two weeks following further losses in rival soybean oil after the Biden administration published last week a proposal for biofuel-blending mandates that were lower than expectations.
WWF backs Indonesia-China sustainable palm oil trade
08/12/2022 (Antara News), Jakarta - The environmental organization World Wide Fund (WWF) is encouraging sustainable palm oil trade between Indonesia and China given its relatively large volume and impact on the sustainability of agricultural production and the environment.
Soybean ban: follow the science
07/12/2022 (Business Recorder) - Commenting on the rapid rise in the import bill of soybean grain in April 2021, BR Research noted that “policymakers can no longer ignore talking about the forbidden s-word in agriculture”. 18 months later, soybean grain imports have finally made it to the news. How did this unknown commodity go from near zero to Pakistan’s 10th largest item on import bill in just six years, and why is it now making headlines?
China’s November imports of soybean drop 14% on year
08/12/2022 (Hellenic Shipping News) - China imported 7.35 million tonnes of soybeans in November, down 14% from a year earlier, customs data showed on Wednesday, confounding expectations for a significant rise, after slow clearing of cargoes at customs.
Palm surrenders early gains on Dalian weakness
08/12/2022 (Business Recorder), Jakarta - Malaysian palm oil futures gave up early gains to log a second straight session of declines on Thursday, weighed down by losses in rival Dalian oils and Indonesia’s smaller biodiesel blend plan.
Oil palm plantation picked as The Earthshot Prize finalist
07/12/2022 (The Star Online), Kota Kinabalu - A pioneering partnership between a non-governmental organisation and an oil palm plantation in Malaysia was selected as one of the 15 finalists for The Earthshot Prize 2022, the world’s most prestigious environmental prize led by Prince William and the Royal Foundation.
Proposed biofuels mandate surprises soybean oil market
06/12/2022 (Baking Business), Kansas City - The US Environmental Protection Agency (EPA) surprised the vegetable oils industry with its lower-than-expected proposed Renewable Fuels Standard (RFS) on Dec. 1. The CME Group’s spot soybean oil future tumbled 9% the day of the announcement and dropped further in subsequent sessions.
