Tag: palm oil

Small Malaysian oil palm farmers ask EU to reconsider ban

Small Malaysian oil palm farmers ask EU to reconsider ban

January 9, 2019 |

In Malaysia, Bernama news agency reports that the trade association representing small oil palm farmers is calling on the European Union to reconsider its ban on using palm oil in biodiesel from 2030 saying the ban is invalid and unjustified because of the efforts put into ensuring the sustainability of palm oil. It says the […]

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Indonesia wants to push for power production from palm oil biodiesel

Indonesia wants to push for power production from palm oil biodiesel

January 8, 2019 |

In Indonesia, the Jakarta Post reports that the government is pulling out all the stops in trying to boost demand for palm oil biodiesel, now exploring the conversion of state-owned power provider PLN’s diesel-based facilities to biodiesel. It is also looking at the possibility of allowing privately-owned power providers who are using biodiesel rather than […]

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Increased preference of bio-based products to augment methyl ester sulfonate market

Increased preference of bio-based products to augment methyl ester sulfonate market

January 6, 2019 |

In California, methyl ester sulfonates (MES) extracted from coconut oil and palm oil is picking up pace with rise in unrefined petroleum costs, trailed by the rise in petrochemicals costs, according to TMR Research. “MES is favored as it is gotten from an inexhaustible oleo-based raw material and offers great detergency, great biodegradability, and enhanced […]

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El Niño seen helping to control Malaysian palm oil production and push up prices

El Niño seen helping to control Malaysian palm oil production and push up prices

January 2, 2019 |

In Malaysia, although palm oil stocks are likely to remain high through the first quarter of the year, analysts expect prices to gradually increase thanks to dry weather from an expected El Niño and draining down of stocks later on the in the year. The Australian weather bureau believes there is currently a 70% chance […]

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Malaysia wants citizens to do patriotic duty and use as much palm oil as possible

Malaysia wants citizens to do patriotic duty and use as much palm oil as possible

January 1, 2019 |

In Malaysia, the government wants its citizens to do its patriotic duty by boosting consumption of palm oil, no matter their economic status and across all types of uses, in an effort to push up palm oil prices. Beyond the higher B10 blending mandate that came into effect in December after several years of going […]

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Malaysia says Norway palm oil ban will get in the way of Malaysia-EFTA trade deal

Malaysia says Norway palm oil ban will get in the way of Malaysia-EFTA trade deal

December 31, 2018 |

In Malaysia, Reuters reports that the country sees Norway’s ban on palm oil for biodiesel beginning in 2020 as a major roadblock to concluding multilateral trade negotiations between Malaysia and the European Free Trade Area, which includes the European Union plus Switzerland and Norway. The Malaysia-EFTA trade pact last held negotiations in May 2017 but […]

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Malaysia looking at ways to boost domestic demand for palm oil beyond B10

Malaysia looking at ways to boost domestic demand for palm oil beyond B10

December 26, 2018 |

In Malaysia, in light of the largest palm oil stocks seen in 18 years and prices currently three-year lows of around $505 per metric ton, Reuters reports that the government is looking at ways to boost demand locally for palm oil to help reduce the surplus and boost prices. Already the government cut export duties […]

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Indonesia to continue subsidizing biodiesel despite slashing palm oil export levy

Indonesia to continue subsidizing biodiesel despite slashing palm oil export levy

December 26, 2018 |

In Indonesia, the Jakarta Post reports that despite cutting the export levy on palm oil that was then used to subsidize biodiesel blending, the Indonesian Oil Palm Estate Fund will continue to subsidize in the meantime thanks to 40% higher revenues generated from the levy during 2018 than expected. The fund collected $992 million in […]

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November Indonesian palm oil production and exports seen down slightly

November Indonesian palm oil production and exports seen down slightly

December 25, 2018 |

In Indonesia, Reuters reports that November palm oil production has likely to fall slightly compared to October at 3.98 million metric tons, 10,000 tons lower. Exports were also expected to be slightly lower at 3 million tons, 3,000 tons lower than in October. A key feature to the global vegetable oils market at the moment […]

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Malaysia teaming with Indonesia and Colombia to battle French palm oil ban

Malaysia teaming with Indonesia and Colombia to battle French palm oil ban

December 25, 2018 |

In Malaysia, Bernama news agency reports that in response to France’s ban on palm oil as a feedstock for biofuels from 2020, the country is gathering Indonesia and Colombia in February to discuss how to tackle the reduced palm oil demand that will result from the French Parliament’s policy shift. The primary industries minister believes […]

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