Tag: palm oil

ICCT report says strong evidence Malaysian and Indonesian palm oil have high ILUC risk

ICCT report says strong evidence Malaysian and Indonesian palm oil have high ILUC risk

November 19, 2018 |

In Germany, a new working paper by the International Council for Clean Transportation says it found strong evidence that 40-53% of oil palm expansion in Indonesia and Malaysia has occurred on high carbon stock land in recent decades, including forest, wetlands, and shrubland. ICCT researchers say there is some evidence that significant expansion of soy […]

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Malaysian palm oil price hit three-year low and seen heading down further

Malaysian palm oil price hit three-year low and seen heading down further

November 14, 2018 |

In Malaysia, crude palm oil prices hit their lowest since September 2015 on Monday to $444.37 in response to growing stocks—more than 6% higher in October than in September—fewer exports and rising production that was 6% higher on the month. Palm oil producers are already feeling the pinch from lower prices, and with prices expected […]

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ZSL report finds palm oil companies’ commitments lacking

ZSL report finds palm oil companies’ commitments lacking

November 11, 2018 |

In the United Kingdom, the world’s largest survey of palm oil producers and traders to date finds a lack of assurance in tackling forest loss. Published by the Zoological Society of London, the report assessed 70 of the world’s most significant palm oil producers and traders. The survey found that although 49 of the 70 […]

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Thailand to divert palm oil to power generation and promote B20 in trucks

Thailand to divert palm oil to power generation and promote B20 in trucks

November 6, 2018 |

In Thailand, the National News Bureau reports that the national palm oil policy committee is going to help reduce the 190,000-metric-ton palm oil surplus by diverting 160,000 tons towards biodiesel production that will then be used for electricity production at the Ratchaburi and Bangpakong Power Plants. Additionally, the committee is calling for uptake of B20 in […]

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Thailand boosts biodiesel minimum blending slightly to help absorb palm oil surplus

Thailand boosts biodiesel minimum blending slightly to help absorb palm oil surplus

November 5, 2018 |

In Thailand, the Bangkok Post reports that although the country hasn’t managed to get approval yet for B10 to help absorb its palm oil surplus, the energy ministry has been able to make minor changes to the B7 mandate that will boost demand by 62,000 metric tons per year. The surplus is currently 80,000 tons. […]

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Malaysia accused of going too slow on B10

Malaysia accused of going too slow on B10

November 5, 2018 |

In Malaysia, the government has been criticized by a Singaporean-based palm oil analyst for being late to the game with its B10 program, saying it should be more aggressive in its implementation. With palm oil prices making biodiesel cheaper than fossil-based diesel since April, he said the country is losing a major opportunity as it […]

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Rapeseed oil prices shooting upwards

Rapeseed oil prices shooting upwards

November 4, 2018 |

In Germany, UFOP reports that wholesale prices for rapeseed oil and palm oil have been moving in opposite directions for 7 months. The price difference between rapeseed oil fob Germany and palm oil cif Rotterdam rose from 87 EUR/t to more than 300 EUR/t between April and the end of October. Agrarmarkt Informations-Gesellschaft mbH (AMI) […]

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Thailand looking to B20 to help reduce palm oil surplus

Thailand looking to B20 to help reduce palm oil surplus

October 24, 2018 |

In Thailand, the Bangkok Post reports that the government is looking to follow in Indonesia’s footsteps by introducing B20 fuels for heavy trucks and agricultural machinery and will work with vehicle manufacturers to ensure the higher blends are compatible with light trucks as well. Low oil prices due to bumper palm oil production is provoking […]

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European Commission experts on the ground looking at Malaysian palm oil sustainability

European Commission experts on the ground looking at Malaysian palm oil sustainability

October 18, 2018 |

In Malaysia, in response to an anti-palm oil sentiment in Europe due to real or perceived environmental challenges with the way oil palms are grown, the European Commission will hold an in-country consultation next week including four expert panels and site visits to plantations in an effort to better understand the reality on the ground. […]

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Hope for stronger palm oil prices in Q4 relies on possibility of El Niño

Hope for stronger palm oil prices in Q4 relies on possibility of El Niño

October 9, 2018 |

In Malaysia, palm oil prices are seeking ticking upwards come the end of the year thanks to increased demand for biodiesel on the back of higher petroleum prices but also due to expected negative impacts on production from extended dry periods during key growing periods that will likely result from an upcoming El Niño. Australia’s […]

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