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OILS & FATS
25-03-2024

VEGOILS-Palm oil posts 2% weekly fall on consolidation after recent uptick

22/03/2024 (Reuters), Singapore - Malaysian palm oil futures fell on Friday to mark its first weekly loss in five as it consolidated after a recent bullish episode, while lower edible and crude oil prices added to the decline.

MARKET DEVELOPMENT
25-03-2024

CPO futures likely to trade on cautious mode this week

25/03/2024 (The Star), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways this week as traders remain on a cautious mode, a dealer says.

OILS & FATS
25-03-2024

Covid-19 remembered: The oil palm business continuity

25/03/2024 (The Star), IN March 2020, Malaysia confronted the onset of Covid-19 pandemic, prompting the imposition of a nationwide movement control order (MCO) to curb the virus’s spread.

OILS & FATS
25-03-2024

Prices of Chocolate, Olive Oil Products Rise; Harvests Hit Hard by Unseasonable Weather

25/03/2024 (The Japan News), The cost of raw materials has been soaring due to unseasonable weather overseas, leading to the prices of products such as chocolate and olive oil to continue rising. Combined with rising costs of labor and logistics, a heavy burden has been placed on the consumer.

OILS & FATS
25-03-2024

Olive Oil Producers in Portugal Celebrate Country’s Second-Highest Yield

21/03/2024 (Olive Oil Times), From the traditional groves in the north to the super-high-density plantations of the south, producers across Portugal overcame winter rain to achieve a bountiful harvest.

OILS & FATS
22-03-2024

Palm oil reverses course amid production growth uncertainty

21/03/2024 (XM), Jakarta - Malaysian palm oil futures dropped on Thursday, erasing earlier gains, amid uncertainty over production growth and some correction in rival vegetable oils.

OILS & FATS
22-03-2024

EU’s ban on palm oil import seen as biased

22/03/2024 (The Star), Kuala Lumpur - The European Union’s (EU) ban on the import of palm oil as a biofuel by 2030 is seen as lacking in transparency and scientific reliability, which provides an inaccurate view of the sustainability practices practised in the country’s biofuel industry.

OILS & FATS
22-03-2024

Bursa Malaysia Derivatives reports all-time high daily open interest for crude palm oil futures

21/03/2024 (New Straits Times) Kuala Lumpur - Bursa Malaysia Derivatives Bhd has reported an all-time high in daily open interest for its benchmark price-setting crude palm oil futures (FCPO) contract in March.

OILS & FATS
22-03-2024

Skoda encourages move to use of vegetable oil

21/03/2024 (Connacht Tribune), Skoda Ireland and fuel retailer Certa have launched a new joint campaign aimed at encouraging owners and would-be buyers of new diesel cars to use hydrotreated vegetable oil (HVO) biofuel as a replacement for diesel to lower their motoring carbon emissions by up to 90%.

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