In Malaysia, CNA reported that the government of Malaysia said it will closely monitor how the EU responds to a World Trade Organization (WTO) ruling that supported the bloc’s stance that palm oil-based biodiesel should not count as a renewable biofuel, but sought changes in how it implemented that decision.The report noted that a WTO […]
In Malaysia, Reuters reports palm oil prices are expected to rise over the next few months in part due to increasing demand for biodiesel as well as stagnating production in key countries Indonesia and Malaysia. Palm oil prices have already increased 10% in 2024. Growth in palm oil is expected to be the lowest in […]
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 […]
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 […]
