Tag: palm oil

Total will use 25% UCO at La Mede biorefinery following farmer pressure

Total will use 25% UCO at La Mede biorefinery following farmer pressure

May 17, 2018 |

In France, Reuters reports that Total will limit its use of palm oil at its new La Mede biofuel refinery to 75% of production capacity with the remainder sourced from used cooking oil as a condition of its operating permit following pressure by French oilseed farmers concerned that all of the feedstock processed at the […]

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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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China could import 500,000 tons more palm oil annually from Indonesia

China could import 500,000 tons more palm oil annually from Indonesia

May 7, 2018 |

In Indonesia, Reuters reports that China’s premier said his country is open to increasing the quota on imports of palm oil by 500,000 metric tons. Of the total 5 million tons of palm oil China consumed last year, 3.73 million tons came from Indonesia. With the EU looking to potentially ban palm oil for biodiesel […]

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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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UK supermarket chain bans palm oil from its products

UK supermarket chain bans palm oil from its products

April 29, 2018 |

In the United Kingdom, the supermarket chain Iceland decided to ban palm oil from its own products by the end of 2018 which has led to recent criticism from palm oil producers and the Malaysian Palm Oil Council who say it produces wealth for small farmers and requires less land for cultivation than other oils. […]

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UK diplomatic telegram telling of Malaysia’s intentions to hit back at EU over palm oil ban

UK diplomatic telegram telling of Malaysia’s intentions to hit back at EU over palm oil ban

April 26, 2018 |

In the UK, Greenpeace’s Unearthed reports that a diplomatic telegram sent on December 19, 2017 to the UK’s Foreign Office from the British high commission in Kuala Lumpur show Malaysia was looking to develop countermeasures against the European Union if they chose to ban palm oil as proposed by the European Parliament in a January […]

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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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Indonesian corruption commission wants 90% of palm oil levy to go to farmers

Indonesian corruption commission wants 90% of palm oil levy to go to farmers

April 2, 2018 |

In Indonesia, a UCA news agency reports that the Prevention Bureau of the Corruption Eradication Commission wants 90% of the $2.1 billion in revenues generated from a levy on palm oil exports to go towards improving the livelihoods of smallholder oil palm farmers rather than subsidizing oil companies like Pertamina for blending biodiesel. The Commission […]

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Indonesia rattling Norway’s cage over proposed palm oil ban

Indonesia rattling Norway’s cage over proposed palm oil ban

March 27, 2018 |

In Indonesia, even though trade with Norway is limited and has been shrinking since 2012, the Indonesian Ministry of Trade is still threatening to stop imports of Norwegian fish if the Nordic country goes ahead with the palm oil ban proposed by Parliament last year. The threat is more symbolic than anything else due to […]

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RED II Round-up

RED II Round-up

March 23, 2018 |

The Digest has been reporting on RED for years and more recently on RED II, but sometimes it’s hard to keep up with all the proposed changes, the votes, and the backlash and criticisms, so here’s a highlight reel of the latest and greatest. You may have heard that the European Parliament voted in favor […]

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