Tag: palm oil

Thailand to order utility to buy 200,000 cu m more palm oil for electricity production

Thailand to order utility to buy 200,000 cu m more palm oil for electricity production

May 9, 2019 |

In Thailand, the Bangkok Post reports that as part of its continued effort to boost consumption of palm oil and thereby improve prices for the all-important commodity, the government plans to order the state-owned utility to buy 200,000 cubic meters of palm oil for electricity production spread out evenly on a quarterly basis over a […]

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Major palm oil player says EU’s karma will suffer and eventually will have to compromise on ban

Major palm oil player says EU’s karma will suffer and eventually will have to compromise on ban

May 6, 2019 |

In Singapore, Bloomberg reports that the head of Golden-Agri Resources says the EU will eventually have to compromise on its extreme stance regarding the banning of palm oil because reality doesn’t allow for a massive increase in soybean and canola production to make up for the supply gap. In an interview, he said that the […]

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Palm oil production faster than consumption and Malaysian palm oil reach record levels

Palm oil production faster than consumption and Malaysian palm oil reach record levels

May 5, 2019 |

In Germany, UFOP reports that the productivity of oil palm trees seasonally decreases from October onwards. Nevertheless, January/March 2019 palm oil production was up, on average, 10 per cent from a year earlier. By contrast, exports only increased 7 per cent. In the first three months of the ongoing year, Malaysian production of palm oil […]

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Malaysia gearing up for WTO fight over palm oil while also boosting its sustainability

Malaysia gearing up for WTO fight over palm oil while also boosting its sustainability

April 25, 2019 |

In Malaysia, local press reports that the country’s primary industries minister doesn’t see the European Union budging on its stance against palm oil for biofuel so in turn is taking a two-pronged approach to the challenge: on one hand preparing to move forward with a formal WTO complaint and on the other hand working with […]

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Malaysia looking at opportunities for palm oil in aviation biofuel

Malaysia looking at opportunities for palm oil in aviation biofuel

April 18, 2019 |

In Malaysia, the palm oil board believes that palm oil could be a good feedstock for aviation biofuels and trials are currently going on with an unidentified American company in Chicago to test the possibility. The country’s palm oil industry is suffering from oversupply and is looking at ways to use the fuel while improving […]

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Indonesia starts B100 trials in face falling palm oil demand from Europe

Indonesia starts B100 trials in face falling palm oil demand from Europe

April 15, 2019 |

In Indonesia, the Antara news agency reports that the agriculture minister is pushing for the use of B100 as a way to counteract the strong likelihood that palm oil demand from Europe will fall off as a result of anti-indirect land use rules. On Monday, the minister launched a B100 trial in a four-wheeler tractor […]

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Malaysian March palm oil stocks rise against February but biodiesel soars 126%

Malaysian March palm oil stocks rise against February but biodiesel soars 126%

April 11, 2019 |

In Malaysia, the Bernama news agency reports that palm oil production continued to rise in March to 1.67 million metric tons, up more than 8% from February, increasing the stocks of processed palm oil to 1.23 million tons but crude palm oil stocks fell more than 12% to 1.69 million tons. Exports nearly matched production […]

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Colombia joins Malaysia and Indonesia on crusade to save palm oil from EU discrimination

Colombia joins Malaysia and Indonesia on crusade to save palm oil from EU discrimination

April 10, 2019 |

In Belgium, the New Straits Times newspaper reports that Colombia has officially joined Malaysia and Indonesia in calling for the European Union to drop its discriminatory treatment of palm oil for biodiesel production. About 95% of the world’s palm oil is produced by the three countries. The countries claim that the ILUC risk policy under […]

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Neste’s palm oil and PFAD supply chain data for year 2018 published

Neste’s palm oil and PFAD supply chain data for year 2018 published

April 7, 2019 |

In Finland, Neste has updated its palm oil and palm fatty acid distillate (PFAD) supply chain data for year 2018 on its traceability dashboard. The dashboard supplements Neste’s sustainability reporting by providing detailed information about the company’s palm oil usage as well as its palm oil supply chain in 2018. The dashboard can be found […]

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Palm oil-based biodiesel exports to China and EU soar in Q1

Palm oil-based biodiesel exports to China and EU soar in Q1

April 3, 2019 |

In Malaysia, Bloomberg reports that biodiesel exports to China and the EU from both Malaysia and China have soared during the first quarter of 2019, perhaps as much as 30% to 145,000 metric tons. At least another five cargos totaling as much as 250,000 tons have been booked for China for delivery between March and […]

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