Tag: palm oil

Rapeseed oil prices set to firm up but palm oil prices declined

Rapeseed oil prices set to firm up but palm oil prices declined

August 20, 2017 |

In Germany, UFOP reports that vegetable oil prices on the European cash market diverged. While rapeseed oil firmed, palm oil declined sharply. Trends for the coming weeks are mixed. Prices for rapeseed oil, soybean oil and sunflower oil continued to diverge. Whereas palm oil was on a continued downward trend due to abundant supply of […]

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Hong Kong biodiesel companies to use spilled palm oil as feedstock

Hong Kong biodiesel companies to use spilled palm oil as feedstock

August 16, 2017 |

In Hong Kong, the 211 tons of palm oil that spilled last week when two ships collided and washed up on the beach will be collected and turned into biodiesel. Two biodiesel companies were approached and at least one of them has taken up the request. It said most of the profits from biodiesel produced […]

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Philippine industry seeking green light for palm oil as biodiesel feedstock

Philippine industry seeking green light for palm oil as biodiesel feedstock

August 16, 2017 |

In the Philippines, the leading industry association is calling on the government to expand permitted biodiesel feedstocks to include domestic palm oil instead of just coconut oil. Palm oil currently costs less than half as much as coconut oil at $725 per metric ton. The current blending mandate is for 2% but coconut oil producers […]

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Head of EU delegation to Malaysia says European Parliament may be using inaccurate facts about CPO

Head of EU delegation to Malaysia says European Parliament may be using inaccurate facts about CPO

August 7, 2017 |

In Malaysia, ahead of the parliamentary delegation to Europe next month in an effort to promote the use of palm oil for biodiesel and head off any legislation that may ban or inhibit the use of palm oil biodiesel in European countries, the head of the European delegation to Malaysia has written to the plantations […]

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Malaysia’s B10 policy hindered by high palm oil prices

Malaysia’s B10 policy hindered by high palm oil prices

August 7, 2017 |

In Malaysia, price remains the main deterrent to implementing the B10 biodiesel mandate with biodiesel prices of roughly $2.94/liter compared to $1.60/liter for diesel. Contrary to how the higher blending mandate is financed in Indonesia where the government picks up the bill, in Malaysia it would be up to consumers to pay the price difference […]

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Malaysia to send six MPs to Europe to fight for palm oil

Malaysia to send six MPs to Europe to fight for palm oil

July 31, 2017 |

In Malaysia, the country is sending a delegation of six MPs to Europe in late September in an effort to try and stir up support for palm oil following trends in both the European Union and Norway to move away from using the oil due to sustainability challenges. The mission had been delayed from July […]

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Malaysian palm oil exports to Iran soar 141.5% through May

Malaysian palm oil exports to Iran soar 141.5% through May

July 13, 2017 |

In Malaysia, palm oil exports to Iran soared 141.5% on the year in the period through May to $174.1 million worth for 282,238 metric tons. Before the country imposed a cap on palm oil imports in 2014 to no more than 30% of domestic oil and fats consumption, the country imported nearly 1 million tons […]

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France looking to ban palm oil for biodiesel

France looking to ban palm oil for biodiesel

July 10, 2017 |

In France, the environment minister is looking to ban the use of palm oil for biodiesel in a move welcomed by Europe’s largest biodiesel producer, Avril that uses primarily rapeseed to produce biodiesel and animal feed. The minister said he is looking to end policy incoherence regarding issues related to climate change policy, such as […]

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Analysts expect Malaysian palm oil prices to fall during H2 as production ramps up

Analysts expect Malaysian palm oil prices to fall during H2 as production ramps up

July 4, 2017 |

In Malaysia, AmInvestment Bank expects crude palm oil prices to fall to an average of $558.46 per metric ton during the last half of the year as the productive season ramps up, compared to $674.8 during the first half. Only a severe El Niño that significantly hits production levels is seen as a potential bullish price […]

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Norway’s Parliament votes to end palm oil-biodiesel sales, consumption and procurement

Norway’s Parliament votes to end palm oil-biodiesel sales, consumption and procurement

June 14, 2017 |

In Norway, the Parliament approved a list of biofuel-related policies from asking the government to ban the use and public procurement of palm oil-based biodiesel to implementing the European Union’s sustainability criteria for biofuels. What’s more, it called on the fuel retail industry to join together in order to not use palm oil-based biodiesel and […]

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