Tag: Malaysia

Malaysian and UK researchers develop new technology to process POME

Malaysian and UK researchers develop new technology to process POME

May 22, 2018 |

In Malaysia, engineers at the University of Nottingham Malaysia have developed new technology to help the global palm oil processing industry reduce CO2 emissions and create renewable energy from its waste. Now University researchers, in collaboration with Malaysian industry partners, have built a unique integrated zero-waste management system for the mills. The pilot plant, called […]

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Malaysian palm oil stocks fell to seven-month low on higher demand and exports

Malaysian palm oil stocks fell to seven-month low on higher demand and exports

May 15, 2018 |

In Malaysia, Reuters reports that palm oil stocks fell to 2.17 million metric tons as of late April, down more than 6% since March and the lowest seen in seven months thanks to higher demand as petroleum prices rise. With palm oil prices reaching 21-month lows in early May at $603.09 per ton last week, […]

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Estimates for palm oil prices already factor in Malaysian elections

Estimates for palm oil prices already factor in Malaysian elections

April 30, 2018 |

In Malaysia, the Edge Markets reports that key analyst Dorab Mistry believes risk from the country’s upcoming elections this year are already built into the price and with current supply and demand estimates, he expects a range of $612.56-$689.13 per metric ton for most of the rest of the year. Current prices are just slightly […]

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Tighter soy oil supplies seen supporting Malaysian palm oil to $617/ton by midyear

Tighter soy oil supplies seen supporting Malaysian palm oil to $617/ton by midyear

April 16, 2018 |

In Malaysia, the New Straits Times reports that local investment banks believe palm oil prices could reach $617 per metric ton by midyear, up from current levels around $565 thanks to support from diminishing soybean oil supplies in both Argentina and the US. With soy oil prices up 8% so far this year, higher prices […]

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Malaysia expects to pick up US market share following anti-dumping tariffs

Malaysia expects to pick up US market share following anti-dumping tariffs

April 10, 2018 |

In Malaysia, the country expects to gain market share in the US after the country confirmed anti-dumping tariffs against Argentine and Indonesian biodiesel imports that would all but block imports from those origins. Last year, Malaysia exported 235,259 metric tons of biodiesel. Although Indonesia and Argentina have all but lost access to the US market, […]

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B10 could boost Malaysian palm oil demand to 1 million tons

B10 could boost Malaysian palm oil demand to 1 million tons

March 19, 2018 |

In Malaysia, boosting the biodiesel blending mandate to 10% could increase palm oil demand by another 300,000 metric tons, bringing domestic consumption above 1 million tons. With low palm oil prices and crude oil around $60 per barrel, the country’s biodiesel association believes now is the right time to increase the blend. The final decision […]

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Malaysia wants EU palm oil ban dropped in exchange for fighter jet purchase

Malaysia wants EU palm oil ban dropped in exchange for fighter jet purchase

March 12, 2018 |

In Malaysia, Edge Markets reports the government is flexing its muscles by making it very clear to France that its future purchase of 18 fighter jets, valued at $2 billion each, will be off the table if the European Union’s proposed palm oil ban for biodiesel goes into effect. The fighter jet deal is still […]

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Political will required to get Malaysia’s B10 mandate in place following 2018 elections

Political will required to get Malaysia’s B10 mandate in place following 2018 elections

March 6, 2018 |

In Malaysia, the Edge Markets reports that the national biodiesel association believes a B10 roll out plan could be possible following this year’s upcoming elections but political will be required to counter a likely increase in prices at the pump. Achieving B10 from the current B7 policy is seen as a way to create a […]

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Malaysia to hold up all trade negotiations with EU until palm oil issue sorted

Malaysia to hold up all trade negotiations with EU until palm oil issue sorted

March 6, 2018 |

In Malaysia, Reuters reports that the country’s minister for plantation industries and commodities told a conference it would react “with might and tact” should the European Union move forward with a policy to ban the use of palm oil for biofuel from 2021. He said the country would halt all trade negotiations with the European […]

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Profits up 34% for world’s largest oil palm planter

Profits up 34% for world’s largest oil palm planter

February 25, 2018 |

In Malaysia, Sime Darby Plantation, the world’s largest oil palm planter by land holdings, reported that its second-quarter net profit increased 34% compared to a year ago, thanks in part to higher earnings from Upstream Malaysia and reduced finance costs as a result of lower borrowings. They also reported a profit before tax increase of […]

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