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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Don tasks indigenous automobile firms on biodiesel technology
21/04/2024 (Blueprint) - A University Don, Prof. Segun Kevin Otoikhian, weekend, said indigenous automobile manufacturers and first time investors, as well as established plants should emulate similar firms in Indonesia, Brazil and USA whose economies have incorporated biodiesel technology.
Palm oil ticks up in range-bound trading as slowing demand outlook weighs
18/04/2024 (Reuters), Beijing - Malaysian palm oil futures firmed in range-bound trade on Thursday but remained near their lowest level in more than sixweeks, squeezed by expectations of slowing demand after the end of the Eid al-Fitr festive season.
CPO futures end lower for 5th consecutive trading day
18/04/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the fifth consecutive day, said palm oil trader David Ng.
HD Hyundai Oilbank kicks off biodiesel mass production
18/04/2024 (The Korea Economic Daily) - HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy business at home and abroad.
Proposed North Dakota Refinery To Co-Process Renewable Feedstocks
18/04/2024 (Biodiesel Magazine) - Meridian Energy Group Inc., the developer of a proposed greenfield oil refinery in Belfield, North Dakota, on April 16 announced that the facility will have the ability to co-process up to 4,000 barrels per day vegetable oil.
Innovative AI Project Aims to Revolutionize Olive Harvest Timing for Premium Oil Quality
17/04/2024 (Elblog) - An ambitious project powered by Artificial Intelligence (AI) is underway, spearheaded by the Consumer Electronics Innovation Group (AEI) of the olive oil supplier sector, Inoleo. Their objective is to utilize AI technology to precisely determine the best time to harvest olives to produce olive oil of the highest quality. This endeavor, known as Behtool, secured financial support from the Ministry of Industry and Tourism as part of their 2023 initiative to boost the competitiveness of Spanish industry.
Good time to buy planters even as CPO rally seen losing steam soon — analysts
17/04/2024 (The Edge Malaysia), Kuala Lumpur - The recent spike in crude palm oil (CPO) prices echoes the commodity boom of 2021/22, as supply constraints from lower palm oil production and robust consumer demand push prices up.
Malaysia’s palm oil stocks decline to 1.71 million tonnes in March
16/04/2024 (The Sun), Kuala Lumpur - Malaysia’s total palm oil stocks were reduced by 10.68% to 1.71 million tonnes in March from 1.92 million tonnes in February, according to the Malaysian Palm Oil Board (MPOB).
CPO price to taper off once seasonal production recovers
16/04/2024 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) price is expected to start tapering off when the commodity's seasonal output recovery takes place.
