In Malaysia, palm oil biodiesel exports have seen at least a temporary surge with July figures jumping 12-fold to 46,601 metric tons, the highest seen since Platts began recording statistics in 2008. Though it has been narrowing in August ahead of the ramp up to winter spec biodiesel, an arbitrage window to Europe opened up […]
In Malaysia, palm oil futures fell to an 11-month low on Tuesday, pressured by lower prices for other vegetable oils as well as some technical selling. Volume was swift with 61% more volumen than the average trading volume. August weather looks very good for production, despite concerns about El Nino impacts coming later in the […]
Palm Oil industry accused of Human trafficking in Malaysia, as Obama Adminstration up Malaysia’s status in “Trafficking in Persons” report
A report in the Wall Street Journal fingered Malaysian grower Felda for a series of migrant worker abuses on Malaysian plantations — with explosive charges from workers of human trafficking. “They buy and sell us like cattle,” a Bangladeshi worker was quoted in the report. The Rainforest Action Network is using the report to highlight […]
In Malaysia, biodiesel exports to Europe jumped to 22,670 metric tons in June, up from just 1,314 tons in May and the highest this year since February at 25,616 tons. March through May say exports at just around 1,000 tons per month. A trading arbitrage opportunity opened up the end of May that includes a […]
In Malaysia, the government has set October as the start date for the new B10 policy despite concerns from automakers that their vehicles won’t run properly on the fuel. Achieving B10 nationwide will push crude palm oil consumption to 1 million metric tons annually.
In Malaysia, Mercedes-Benz is now backtracking on its earlier assertion that its vehicles couldn’t run on B10, saying instead that the fuel is actually fine for all vehicles sold within the country. Toyota, Isuzo, Volkswagen and others also challenged the government’s move to boost the biodiesel blend, saying their vehicles couldn’t accept the fuel, but […]
In Malaysia, Toyota, Isuzu and Volkswagon have echoed Mercedes Benz’s concerns about blending higher levels of biodiesel, saying their engines top out at 7%. Mazda says its SkyActiv-D engines are fine with B10 but those models aren’t marketing in the country.
In Malaysia, palm oil futures prices continue to be supported by the EPA’s announcement on RFS that is expected to create more demand for biodiesel, helping to push prices up 10% since the end of April. As palm oil is currently the cheapest vegetable oil, it is seeing increased demand from China who was a […]
In Malaysia, the country’s B10 policy is expected to come online in October, up from the current 7% blending mandate. Total crude palm oil consumption should reach about 1 million metric tons annually with the higher blend, compared to about 700,000 tons now. Palm oil futures prices rose to a 3-month high on the news. […]
In Malaysia, palm oil exports were up 54% on the month during the period May 1-25, a move that should have helped support futures prices more than it did thanks to continuing delays on Indonesian export levies that means Indonesian product will continue to flow into the market. Export news helped to lift prices off […]