The July canola contract on the Intercontinental Exchange reached a significant price level during the week ended May 1.
Tag Archives palm oil
Canola climbs higher but faces obstacles
Brisk exports lead to rising prices but tariffs and oil pricees loom in the background
Palm oil prices continue to rise as demand remains strong
Soaring palm oil prices are expected to be supportive for canola values because of its dominant role in the veg oil complex
Tight supplies of palm oil have supported prices, making it less competitive with its main rival, soybean oil, according to the Council of Palm Oil Producing Countries (CPOPC).
Used cooking oil fraud suspected
JAKARTA, Indonesia (Reuters) — Indonesia says its exports of used cooking oil and palm oil residue in recent years had exceeded production capacity, indicating crude palm oil had been mixed in and prompting it to issue regulations curbing shipments last week. The world’s biggest exporter of palm oil issued a ministerial decree clamping down on […] Read more
Malaysia eyes SAF production
KUALA LUMPUR (Reuters) — Malaysia plans to start producing sustainable aviation fuel in 2027, with an initial production capacity of one million tonnes per year, Plantation and Commodities Minister Johari Abdul Ghani said Nov. 26. Production capacity will gradually increase based on factory output and feedstock availability, he said. Malaysia, the world’s second-largest palm oil […] Read more
Increases in palm oil diesel might impact veg oil prices
Plans to increase the amount of palm oil in Indonesia’s biodiesel fuel supply should support global vegetable oil prices, which in turn should support canola values. But other issues also affect vegetable oil prices, so it’s not certain that values will rise. Indonesia is the world’s largest palm oil producer and exporter. It already has […] Read more
Aging trees threaten production of palm oil
Trader says 27 per cent of Malaysia's palm trees are 20 years or older, while harvesting the taller trees proves difficult
SASKATOON — Malaysia’s palm oil industry has a problem, according to a trader of the commodity. Gaurav Kochar, a trader from India, said the age profile of the country’s trees is a “pressing concern” with 3.7 million acres of plantations that are 20 years or older, which is 27 per cent of total planted area. […] Read more
Palm oil prices cool
SASKATOON — Canada’s canola growers should not expect much price support from palm oil in 2024-25. Regina Koh, market reporter for Fastmarkets, anticipates a modest improvement in global palm oil production this year, but the same can’t be said for the other side of the ledger. Related stories: “There is no strong demand catalyst to […] Read more
Malaysia to monitor EU’s palm oil biofuel curbs
Country loses WTO fight over palm oil’s loss of renewable designation, but EU required to change how policy is enacted
KUALA LUMPUR, Malaysia (Reuters) — Malaysia says it will closely monitor how the European Union responds to a World Trade Organization ruling that supported the bloc’s stance that biofuel causing deforestation cannot be regarded as renewables but sought changes in how it implemented that decision. A WTO adjudicating panel, in its first ruling related to […] Read more
Malaysian palm oil output expected to improve this year
Labour shortages caused by the COVID-19 pandemic have eased, making it easier for producers to increase production
KUALA LUMPUR, Malaysia (Reuters) — Malaysian palm oil output is set to improve this year as a labour shortage eases, although challenges remain as planters seek to comply with European and U.S. regulations targeting the sector’s alleged links to deforestation and forced labour, industry officials say. The country’s palm oil industry, which relies on foreign […] Read more
Yeast-grown vegetable oil tackles palm oil’s green problem
Lab-grown food has many hurdles to overcome and the greatest of them might be getting consumer acceptance. People might pack their shopping carts with all sorts of processed foods loaded up with sugar, fat and hard-to-pronounce ingredients, but lab-grown food is a step too far for many. But what about a lab-grown ingredient that replaces […] Read more
