Category Archives: News

Malaysia Weekly Stearin Market : RBD Palm olein premium to stearin eases. Dec exports rebound to rise strongly

RBD palm olein premium over RBD palm stearin eased by a Dollar to US$2.50 week-on-week average after stearin prices rose by a Dollar higher than olein to US$922.50/ton. RBD palm stearin was offered at US$912.50-930/ton last week but failed to test the top level of US$950/ton that we predicted. Stearin price rise     For

Malaysia biodiesel production down by 16% in 2020—USDA

Malaysia biodiesel production is estimated be 1.25 billion liters in 2020, or 16% lower than in 2019—according to USDA latest report. The reduction is in response to drop in demand for diesel transport fuel due to the mitigation measures for COVID-19 pandemic and persistent price gap favouring diesel fuel as opposed to palm based biodiesel.

India palm oil import fall 8% in November after the surge in October. Palm oil import share to rise in 2020-21

India palm oil imports fell 8% to 618,468 tons in November from the same time last year reaching the lowest in 5 months—Solvent Extractors Association data showed. Imports fell in November after a sharp surge in the previous month as buyers ramped up inbound shipment to meet Diwali seasonal festival usage when consumption of the

Indonesia export rises by a sharp 12.22% in November. CPO export to Malaysia sees a noticeable increase

Palm oil export from the world’s largest producer jumped 12.22% in November month-on-month recording the largest pace of increase in 4 months propelled by robust shipment to China (20.45%), India (3.26%) and Pakistan (28.99%) – cargo surveyor ITS data showed. Exports to the top 3 destinations made up 46% of the overall volume in the