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OILS & FATS
08-12-2022

Bursa Malaysia opens lower

07/12/2022 (The Malaysian Reserve) - KUALA LUMPUR – Bursa Malaysia was lower in the early trade today, taking its cue from the weak Wall Street performance overnight as traders are concerned about a potential hard landing for the United States’ economy amid fresh recessionary fears.

OILS & FATS
08-12-2022

VEGOILS-Palm declines after new EU law on commodities linked to deforestation

06/12/2011 (Nasdaq), Jakarta - Malaysian palm oil futures fell on Wednesday after the European Union agreed on a new law to prevent companies from selling into its market commodities linked to deforestation.

OILS & FATS
08-12-2022

IEA says biodiesel, renewable diesel and biojet feedstocks facing a supply crunch

06/12/2022 (Biofuels Digest) - In France, the International Energy Agency says biodiesel, renewable diesel and biojet fuel producers are headed for a feedstock supply crunch during 2022-2027 if current trends do not change. In its main analysis case, demand for vegetable oil, waste and residue oils and fats increases 56% to 79 million tonnes over the forecast period. Fuels made from wastes and residues are in particularly high demand because they satisfy GHG and feedstock policy objectives in the United States and Europe. In fact, wastes and residues are expected to be used for 13% of biofuel production in 2027, up from 9% in 2021.

OILS & FATS
08-12-2022

Two-tier pricing system, coupons for packet cooking oil to be discussed next week, says Salahuddin

06/12/2022 (The Star Online) - PUTRAJAYA: The proposals to set cooking oil prices through a two-tier system and the use of subsidised purchase coupons for packet cooking oil will be discussed at the National Action Council on Cost of Living (NACCOL) meeting next week, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.

OILS & FATS
07-12-2022

Project by Malaysian oil palm plantation, NGO recognised by Prince William’s Earthshot Prize

06/12/2022 (The Star Online), Kota Kinabalu - A pioneering partnership between a non-governmental organisation (NGO) 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.

OILS & FATS
07-12-2022

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.

OILS & FATS
07-12-2022

IMPORTS JUMP 29% TO 1.14 MLN T-DEALERS

06/12/2022 (Successful Farming), Mumbai - India's palm oil imports jumped 29% in November from a month ago, as a steep discount to rival soyoil and sunoil made buying of the tropical oil lucrative for local refiners, five dealers told Reuters on Tuesday.

OILS & FATS
07-12-2022

Two-tier pricing system, coupons for packet cooking oil to be discussed next week: Minister

06/12/2022 (New Straits Times), Putrajaya - The proposals to set cooking oil prices through a two-tier system and the use of subsidised purchase coupons for packet cooking oil will be discussed at the National Action Council on Cost of Living (NACCOL) meeting next week, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.

MARKET DEVELOPMENT
07-12-2022

Palm oil reverses losses to jump 3% on Indonesia’s biofuel plans

06/12/2022 (The Edge Markets), Kuala Lumpur/Jakarta - Palm oil surged as traders weighed prospects for Indonesia to boost its biofuel mandate, a move that could cut supplies available for export.

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