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OILS & FATS
25-04-2024

MPOB seeks to strengthen oil palm R&D strategies

25/04/2024 (The Star), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will analyse research projects and issues in the local oil palm industry to ensure that it will continue to drive growth and progress towards a lucrative and sustainable future.

OILS & FATS
25-04-2024

United Plantations kicks off FY2024 on positive note as 1Q profit rises 18.5%

24/04/2024 (The Edge Malaysia), Kuala Lumpur - United Plantations Bhd’s (UP) net profit grew 18.54% year-on-year to RM132.87 million for the first quarter ended March 31, 2024 (1QFY2024), mainly due to a sharp drop in finance cost, on the back of slightly higher revenue, thanks to higher crude palm oil (CPO) and palm kernel (PK) prices.

OILS & FATS
25-04-2024

Soyabean, palm oil imports grew 53.07%, 28.55% in 9 months

25/04/2024 (Daily Times) - Edible oil imports including soyabean and palm into the country during the first three quarters of the current financial year increased by 53.07 per cent and 28.55 per cent respectively as compared to the imports of the corresponding period of the last year.

OILS & FATS
25-04-2024

Biodiesel Market: Fueling the Future | APAC Growing by Singapore, Malaysia, Australia, South Korea, Japan, Hong Kong

24/04/2024 (News Wires) - According to a new report published by Allied Market Research, the biodiesel market size was valued at $50.9 billion in 2022, and is estimated to reach $70.9 billion by 2032, growing at a CAGR of 3.4% from 2023 to 2032.

OILS & FATS
25-04-2024

Mack Trucks uses hydrotreated vegetable oil as fuel at Lehigh Valley plant

25/04/2024 (69 News) - L. MACUNGIE TWP., Pa. -- Mack Trucks is using "renewable diesel" to help reduce its carbon footprint in the Lehigh Valley.

OILS & FATS
24-04-2024

Palm oil rises on poor weather, exports recovery and stronger rivals

23/04/2024 (Business Recorder), Singapore - Malaysian palm oil futures extended gains on Tuesday amid hot weather in key producer Malaysia, with strong export data and firmer rival oil prices lending support.

MARKET DEVELOPMENT
24-04-2024

USDA Celebrates Earth Day by Awarding $43 Million In HBIIP Grants

24/04/2024 (Biodiesel Magazine) - The USDA on April 23 awarded more than $43 million in grants through the Higher Blends Infrastructure Incentive Program to support projects that will increase the availability of domestic biofuels in 15 states.

OILS & FATS
24-04-2024

Japan’s 1st biofuel hybrid passenger ship starts service in Kitakyushu

24/04/2024 (World Bio Marketin Sights) - Mitsui O.S.K. Lines announced that the hybrid passenger ship ‘Hanaria’, which uses hydrogen and biodiesel as fuels, started service in Kitakyushu.

MARKET DEVELOPMENT
24-04-2024

Oil palm industry: No scientific evidence justifying criticism of Malaysia, says Johari

23/04/2024 (New Straits Times), Kuala Lumpur - Malaysia always adhered to the concept of sustainability to strengthen the country's oil palm industry by ensuring no deforestation activities or forced labour, in compliance with international standards.

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