In Malaysia, the New Straits Times reports FGV is looking at how renewable energy such as biogas from oil palm waste for power production can help its post-COVID-19 recovery. Power produced from biogas via gensets would then be supplied to the national grid. Increased export of palm kernel shells for use as biomass to produce […]
In Malaysia, the Star newspaper reports that FGV sees palm oil production dropping significantly due to impacts from COVID-19. The national movement control order has been in effect since March 18 which has kept farm workers from harvesting the oil palms. Customers and businesses have also been effected by the order which will have further […]
In Malaysia, the Sun newspaper reports that CGS CIMB Research says suspending the roll out of the 20% biodiesel blending mandate as announced last week will likely have significant impacts on the palm oil industry next year when the loss in demand will be most strongly felt. With demand for B20 in transport and B7 […]
In Malaysia, the Today newspaper reports that the national biodiesel association says the government is going to hold off on further implementation of the B20 mandate that was launched in January in some regions and was expected to be nationwide by mid-June 2021. Malaysia has been one of the hardest hit by COVID-19 pandemic in […]
In Malaysia, Reuters reported palm oil futures fell nearly 3%, weighed down by domestic stocks and falling export demand as the world shuts down to battle COVID-19. The government has decided to postpone the roll out of its B20 blending mandate as well, which will further add to stocks and put more pressure on prices. […]
In Malaysia, Bloomberg reports that Malaysian palm oil prices have hit a five-month low as the country fails to find another buyer to absorb the demand gap left by India following a political spat over India’s treatment of Kashmir. With petroleum prices falling to an 18-year low on Wednesday, palm oil’s use as a biofuel […]
In Malaysia, Platts reports that the government says the palm oil industry can continue to operate despite a partial lockdown national due to the national importance of palm oil for cooking and biodiesel. At first, only refineries, biodiesel producers and cooking oil producers were thought to be exempt, which would have prompted plantations to stop […]
In Malaysia, Platts reports that on the back of lower palm oil demand from India which has pushed down prices during the first quarter, the government will cut the export duty on crude palm oil exports to 5% in April from 6% currently after palm oil prices fell through the current reference price band. Coronavirus […]
In Malaysia, the Borneo Post reports that the COVID-19 virus is expected to pressure palm oil prices due to logistical challenges and a slowdown in overall business activity. Falling demand from China as a result, as well as Europe’s ongoing pressure against unsustainable palm oil supplies, won’t be sufficiently offset by an uptick in demand […]
In Malaysia, the Star newspaper reports that Elevance Renewable Sciences is undergoing restructuring and as a result its JV partner in a 200,000 ton biodiesel facility in Sabah, Genting Plantations, is taking back the 25% equity stake it sold the US-based technology company because it can no longer contribute equity to the project. Elevance will […]
