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 […]
In Malaysia, biodiesel has taken another hit as palm oil prices increased and weighed on demand for using the oil as biofuel feedstock. The CPO/fossil diesel spread has moved back into positive numbers at nearly $8.50 per metric ton. With diesel prices cheaper than palm oil, demand drops for blending biodiesel.
In Malaysia, key palm oil analyst Dorab Mistry expects the biodiesel feedstock price to fall to six-year lows of $514 per metric ton as a result of increased production. Prices have already fallen 19% this year, following petroleum prices lower, and though production will remain off through June, it is expected to pick up afterwards […]
In Malaysia, the country announced it will introduce a 4.5% export tax on crude palm oil exports in April, while Indonesia is expected to follow suit. Malaysia dropped the export tax in September, since when exports of CPO have soared 21% while exports of refined oil have fallen 15%. The Rotterdam price for CPO is […]
In Malaysia, palm oil prices are expected to suffer schizophrenia this year with the first half seeing higher prices underpinned by increasing demand and lower production while they are expected to flip-flop in the latter half of the year, potentially reaching six-year lows. Growing soy oil supplies mixed with lower petroleum prices are expected to […]
It’s New, it’s Neo — the neodiesel companies — brimming with technologies to create cleaner alternatives to a powerhouse fuel. They have the performance, half the carbon, and a range of low-cost feedstocks to choose from. Now, neodiesel heads for Malaysia as a JV opens up ultra low-cost feedstocks with Benefuel’s ENSEL technology. From Malaysia have […]
In Malaysia, biodiesel producers want the government to support local production the same way that Indonesian government has with recently-approved subsidies. Rather than direct subsidies like Indonesia, the Malaysian industry is instead looking for tax incentives. Fuel subsidies for gasoline and diesel were recently dropped.
In Malaysia, palm oil futures prices rose 2.5% to their highest in a week on the back of news that Indonesia will triple its subsidies to blend biodiesel. One analyst said the subsidy could mean $350 per metric ton for producers, calling the move a “game changer”. The news prompted traded futures volume to double […]
In Malaysia, palm oil prices have fallen to their lowest in five weeks as demand for biofuel drops, weighing on feedstock prices. Concerns about lower production volume due to floods have receded, and even though production is expected to be down again in February, it doesn’t compensate for the lack of demand. January exports were […]
In Malaysia, B7 will be rolled out in the eastern part of the country by the end of the month at 336 filling stations. Doing so will create demand for 138,000 metric tons of palm oil biodiesel annually, bumping total biodiesel consumption to 576,000 tons nationwide. Meanwhile, the Malaysian Palm Oil Board is conducting tests […]