Palm oil buying lifts India's August edible oil imports to record -dealers
MUMBAI, Sept 4 (Reuters) - India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more than 1 million tons of palm oil for the second consecutive month to build stocks for upcoming festivals, four dealers told Reuters.
Sabah needs to introduce attractive investment policies
KOTA KINABALU (Sept 4): The state government needs to be more proactive, especially to introduce policies which are more attractive and competitive to attract Foreign Direct Investment (FDI), if it aspires to develop its palm oil downstream industry.
COLUMN-Funds buy CBOT corn and soybeans amid poor finish to US crop -Braun
NAPERVILLE, Illinois, Sept 4 (Reuters) - The second half of August was exceptionally dry in the U.S. Corn Belt, likely trimming yields for corn and especially soybeans due to their reliance on late-season moisture. Speculators responded by boosting their bullish Chicago soybean bets, which they have held for more than three years, and easing bearishness in corn futures.
OILS & FATS
Indonesia, Malaysia push biofuel to offset palm oil price downturn
04/09/2023 (Asia Nikkei), Jakarta / Kuala Lumpur - Weak prices for palm oil, a worsening outlook and a backlash against the commodity over deforestation concerns are pushing Indonesia and Malaysia -- the world's biggest producers -- to boost domestic use through developing jet fuels and expanding biodiesel programs.
Curtin Malaysia student’s video on innovation, sustainability for palm oil wins competition
04/09/2023 (The Borneo Post), Miri - Yiek Siew Teck, a third-year chemical engineering student of Curtin University Malaysia (Curtin Malaysia) was recently announced as winner of the POPSIG-KLK Palm Oil Video competition. Held by the IChemE Palm Oil Processing Special Interest Group (Popsig), the competition served as a platform for engineering talents to showcase their innovative ideas and perspectives on the palm oil industry.