Tag: palm oil

Indonesian palm oil proponents meet in Germany to get Europe on board

Indonesian palm oil proponents meet in Germany to get Europe on board

September 30, 2017 |

In Indonesia, delegates from Indonesian government and palm oil organizations pushed for more acceptance of palm oil from Switzerland and the EU in general at a recent event in Germany. Mahendra Siregar, Executive Director of the Council of Palm Oil Producing Countries, said in a written statement from the Embassy of the Republic of Indonesia, […]

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Malaysia and Indonesia desperately looking for new palm oil markets

Malaysia and Indonesia desperately looking for new palm oil markets

September 14, 2017 |

In Malaysia, palm oil producers are looking for new export markets as the European market continues to sour towards its oil and biodiesel, with eyes on Africa and closer to home in South Asia. Despite concerns of shifting sentiment, Europe’s Indonesian palm oil imports have risen 40% during the first half of 2017. Indonesia has […]

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Farmers worried palm oil development plans will push them out

Farmers worried palm oil development plans will push them out

September 6, 2017 |

In the Philippines, critics are concerned that the government’s move to boost palm oil production on the island of Mindanao won’t help small farmers as it claims but instead would favor large companies while endangering the environment. A farmer leader says that further palm oil development on the planned 1 million hectares would lead to […]

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Malaysian palm oil prices may lose support following US import duty decision

Malaysian palm oil prices may lose support following US import duty decision

August 24, 2017 |

In Malaysia, crude palm oil prices have been rising recently in response to tighter supplies following lower-than-expected production over the summer but the market is concerned prices will fall in response to the United States imposing anti-dumping duties on Indonesian and Argentine biodiesel. The falling demand should weigh on prices as a result. Currently prices […]

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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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