Tag: Palm oil

Indonesian palm oil producers concerned about increasing demand for biodiesel

Indonesian palm oil producers concerned about increasing demand for biodiesel

February 29, 2024 |

In Indonesia, Chem Analyst reports the national palm oil association is concered about a potential conflict between food and fuel production if demand for biodiesel continues to expand. About 46% of last year’s production of 23.2 million metric tons went to fuel production while 44% went to food production, and the remaining to cosmestics and […]

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Palm oil prices seen rebounding in 2024

Palm oil prices seen rebounding in 2024

December 26, 2023 |

In Malaysia, Platts reports that palm oil prices are expected to recover next year thanks to increased demand following increases in biodiesel blending worldwide, while palm oil production is likely to remain stagnant in Indonesia and Malaysia. By the third quarter of 2024, analysts expect palm oil futures prices to reach beyond $850 per metric […]

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