In Indonesia, the Jakarta Post reports Indonesian Palm Oil Association (Gapki) is concerned the new 10% levy recently announced by the government that will be applied to crude palm oil exports, up from the current 7.5%, with force exports to plummet. The higher levy is meant to pay for the subsidies required to achieve the […]
In Germany, Japan’s Nikkei newspaper reports the German government is under pressure to end tainted Chinese biofuels imports that are threatening the local industry. A loose alliance of German biofuel manufacturers, environmentalists and lawmakers wants the government to set up an inspection and sanction system by Jan. 1 in order to stem the tide of […]
In Vietnam, Vietnam News Agency reported that Malaysia’s Ministry of Plantation and Commodities proposed investing in new technologies and infrastructure to more efficiently convert waste from palm oil production into biomass energy. Minister of Plantation and Commodities Johari Abdul Ghani said that waste industry materials like empty fruit bunches (EFB), mesocarp fiber, and palm kernel […]
In Argentina, Reuters reports Malaysian palm oil futures rose for a fourth straight session on Thursday, boosted by expectations of lower palm production and shrinking domestic stockpiles. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 18 ringgit, or 0.4 percent, at 4,504 ringgit a metric tonne in […]
In Malaysia, Bloomberg reports that palm oil futures slid back from six month highs on Monday as crude oil prices retreated following an uneventful report from China that was widely thought to boost demand that then weighed on soybean oil prices in the US and China. Even though prices fell off for palm oil, their […]
In Indonesia, Reuters reports that when the country boosts its biodiesel blending mandate to 40% from the current 35%, available palm oil supplies will tighten. With blending expected to rise to 16 billion liters next year when the mandate increases, up to 1.7 million metric tons of palm oil annually will be diverted towards biodiesel […]
In Indonesia, The Jakarta Post reports on September 19, at the Globoil conference in Mumbai, Fadhil Hasan of the Indonesian Palm Oil Association informed Reuters that Indonesia’s palm oil exports are set to decrease by 2 million tons to 30.2 million tons in 2024 due to increased domestic demand for biodiesel and reduced production. The […]
In Malaysia, the country is committed to supplying China with Malaysian Sustainable Palm Oil (MSPO) certified palm oil and palm oil products, said YB Datuk Chan Foong Hin, Deputy Minister of Plantation and Commodities. He added that Malaysia seeks to cooperate with China in establishing a shared consensus during engagements with the European Union, particularly […]
In Malaysia, CNA reported that the government of Malaysia said it will closely monitor how the EU responds to a World Trade Organization (WTO) ruling that supported the bloc’s stance that palm oil-based biodiesel should not count as a renewable biofuel, but sought changes in how it implemented that decision.The report noted that a WTO […]
In Malaysia, Reuters reports palm oil prices are expected to rise over the next few months in part due to increasing demand for biodiesel as well as stagnating production in key countries Indonesia and Malaysia. Palm oil prices have already increased 10% in 2024. Growth in palm oil is expected to be the lowest in […]
