Category: E-News

- Dalian’s most-active soyoil contract gained 0.75%. JAKARTA: Malaysian palm oil futures closed higher on Thursday after hitting their highest level in more than three months, amid expectations of tighter supply and stronger demand from biodiesel sector as crude prices surge.

In a world reshaped by geopolitical uncertainty and changing trade dynamics, Malaysia Africa Chamber of Commerce and Industry President Amarjeet Singh Ghai believes Africa represents one of the world’s most compelling growth frontiers. Through education, partnership and long term engagement, he is encouraging Malaysian businesses to rethink where the next decade of opportunity lies.

Indonesia, the world’s biggest palm oil producer and exporter, accelerated testing on fuel under its B50 mandate, a blend of 50 per cent palm-based diesel and 50 per cent conventional diesel, after the U.S.-Israeli war on Iran that started in February sent oil prices surging. Jakarta began implementing the B50 biofuel mix on July 1.

Indonesia, the world’s biggest palm oil producer and exporter, accelerated testing on fuel under its B50 mandate, a blend of 50 per cent palm-based diesel and 50 per cent conventional diesel, after the U.S.-Israeli war on Iran that started in February sent oil prices surging. Jakarta began implementing the B50 biofuel mix on July 1.

Indonesia, the world’s biggest palm oil producer and exporter, accelerated testing on fuel under its B50 mandate, a blend of 50 per cent palm-based diesel and 50 per cent conventional diesel, after the U.S.-Israeli war on Iran that started in February sent oil prices surging. Jakarta began implementing the B50 biofuel mix on July 1.

In about two days from now, Indonesia will begin blending 50% palm oil-based biodiesel with 50% conventional diesel. The policy, known as B50, is an expansion of the current B40 program, which has a lower palm oil blend of 40%. The government sees the move as a cure to the national fuel import reliance following soaring fuel prices in the wake of the US-Iran war.

Aden River Estates Limited, a palm oil producer of over five decades in operation, has launched its maiden debt capital market transaction, signing a N250 million Series 1 (Tranche A and B) commercial paper (CP) under a N20 billion CP issuance programme, with Anchoria Advisory Services Limited as the issuing house. The signing ceremony, held in Lagos, marked the first time the company – incorporated in 1969 and described as Nigeria’s first indigenous large-scale oil palm plantation operator – has accessed the capital market in its 55-year history. The Series 1 issuance carries yields of 22 per cent and 25 per cent for Tranche A (270 days) and Tranche B (364 days) respectively, with the 364-day instrument drawing all investor subscriptions.

Malaysia’s Palm Oil Council (MPOC) is eyeing expansion in Nigeria, a key market for the country’s palm oil exports, as demand for the commodity continues to grow. Belvinder Sron, chief executive officer of MPOC, disclosed this on Thursday at the Malaysia Market Connect in Lagos, stating that Malaysia sees significant market potential in Nigeria and West Africa.

Russia has expressed interest in expanding palm oil imports from Nigeria as part of efforts to diversify its supply chain and strengthen economic cooperation with Africa’s largest economy.

Russia has expressed interest in expanding palm oil imports from Nigeria as part of efforts to diversify its supply chain and strengthen economic cooperation with Africa’s largest economy.

KUALA LUMPUR: Crude palm oil prices are expected to remain steady at around RM4,400 per tonne in June, as global biofuel policies continue to strengthen demand for vegetable oils.

SEREMBAN (May 12): The Malaysian Palm Oil Board (MPOB) has commercialised more than 200 technologies, encompassing various innovations, in the country's palm oil and agri-commodity sectors to date, thereby contributing to the sustainability and progress of the sector.