Tag: Malaysia

FGV exports palm oil biodiesel to China for first time

FGV exports palm oil biodiesel to China for first time

October 28, 2014 |

In China, Malaysia’s Felda Global Ventures Holdings has exported 6,000 metric tons of PME to the Nansha Port, Guangzhou, a first for the company. It hopes to further penetrate what is says is the world’s largest biodiesel market. The company represents more than 31% of Malaysia’s PME exports.  

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Malaysia’s biodiesel blend to increase to 7% in November

Malaysia’s biodiesel blend to increase to 7% in November

October 28, 2014 |

In Malaysia, the biodiesel blend will jump to 7% from the current 5% in November. Domestic palm oil prices have fallen 20% this year due to oversupplies. National palm oil consumption to boost to 575,000 metric tons per year upon implementation of the B7 policy. The country is also exploring boosting the blend to 10% […]

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Malaysian palm oil prices weaken thanks to falling crude

Malaysian palm oil prices weaken thanks to falling crude

October 13, 2014 |

In Malaysia, palm oil prices are following crude oil prices south, closing at $664.01 per metric ton on Monday. Brent crude fell to $88. Demand for vegetable oils for biodiesel is falling as fossil fuel prices slip further. In the US, soybean production is expected to rise 17% on the year, adding more supplies to the […]

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Increased demand due to cheap feedstock seeing support vegetable oil prices

Increased demand due to cheap feedstock seeing support vegetable oil prices

August 20, 2014 |

In Malaysia and Illinois, prices for palm oil and soy oil both fell to five-year lows following a current glut and expectation of further supplies from a bumper soy crop. The cheap prices are expected to boost demand, however, which Oil World says will least to stronger prices.  

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USGC secures permanent Malaysia exemption for DDGS imports

USGC secures permanent Malaysia exemption for DDGS imports

August 20, 2014 |

In Washington, Malaysian officials recently agreed to permanently exempt imports of U.S. distillers dried grains with solubles (DDGS) and corn gluten meal (CGM) from that nation’s new, more stringent sanitary and phytosanitary (SPS) and inspection regulations for agricultural commodities. The decision makes permanent a temporary exemption, granted in May, for the period from July 31 […]

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Universiti Teknologi MARA developing gasification technology for producer gas

Universiti Teknologi MARA developing gasification technology for producer gas

August 15, 2014 |

In Malaysia, a research team from Universiti Teknologi MARA has embarked on a project related to gasification of biomass to produce clean producer gas. This gas mixture can be used as a fuel for internal combustion engines, turbine and fuel cell for power generation.  

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Rabobank sees palm oil prices strengthening but staying capped at around $786

Rabobank sees palm oil prices strengthening but staying capped at around $786

August 14, 2014 |

In Malaysia, Rabobank expects palm oil production to get back up to $786 per metric ton this year thanks to increased demand driven by blending mandates. Prices should go slightly higher in 2015. Demand is currently subdued due to better crushing margins from soy, including in India, but as those supplies run down there will […]

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Malaysia’s B5 mandate postponed until December

Malaysia’s B5 mandate postponed until December

August 7, 2014 |

In Malaysia, the country has delayed implementation of its B5 mandate to December rather than July due to slow implementation of 15 blending facilities in Sabah and Sarawak and the federal territory of Labuan. When the policy is implemented, national consumption of palm oil biodiesel will double to about 500,000 metric tons annually.  

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Malaysian biodiesel prices seen slightly lower during second half of 2014

Malaysian biodiesel prices seen slightly lower during second half of 2014

August 5, 2014 |

In Malaysia, RAM Ratings Services sees palm oil prices averaging between $720 and $780 per metric ton during the last half of 2014, lower than its forecast for average 2014 prices of near to $800 per ton. The agency expects combined production between Malaysia and Indonesia to be 48 million tons during 2014.

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Palm oil sinks to nine-month low on falling demand

Palm oil sinks to nine-month low on falling demand

July 14, 2014 |

In Malaysia, palm oil prices fell to a nine-month low on Friday of just under $747 per metric ton, the biggest drop in six weeks, following soy oil lower that then triggering liquidation of long positions. Prices were down 2.3% on the week and down 1.7% on the day. Indonesia’s failure to boost biodiesel consumption […]

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