According to Deutsche Welle, Indonesia and the European Union have signed the Indonesia–EU Comprehensive Economic Partnership Agreement (IEU-CEPA) in Bali, marking a new chapter in trade relations. Palm oil exports were one of the most contentious issues during negotiations. EU officials stated that palm oil production is a major contributor to deforestation and pollution. Both […]
Malaysia’s sustainable palm oil certification (MSPO) has been officially recognized by the European Union as a reliable standard to comply with the upcoming EU deforestation regulation. This recognition strengthens MSPO’s position as the national framework for sustainable palm oil in Malaysia, the world’s second-largest exporter, and provides assurance for exporters targeting the European market. The […]
Recently, Laos officially launched a pilot project to produce biodiesel from waste cooking oil, aiming to foster innovative energy technologies and sustainable business models. Supported by the Asian Development Bank (ADB) and implemented in partnership with the Lao Ministry of Industry and Commerce, the pilot plant is designed to produce 500 liters of biodiesel per […]
CIMB Securities, a leading investment bank in Indonesia, recently published a study suggesting that if the Indonesian government implements the B50 biodiesel mandate, domestic palm oil consumption could rise by approximately 3 million tonnes. This increase would represent about 6.2% of the projected 2024 crude palm oil (CPO) production, which stands at 48.2 million tonnes. […]
According to the Business Times, the Malaysian Palm Oil Council signed a memorandum of understanding with China’s New Land and Sea Corridor Operation Co Ltd, planning to promote logistics and trade cooperation on the Qinzhou-Chongqing port route. This agreement will open the way for Malaysian palm oil to further expand into the Chinese market. Dato’ […]
From July 2024 to early March 2025, palm oil imports into the European Union (EU) fell significantly, by about 21% compared to the same period last year. According to the latest data from the European Commission, the EU27 received nearly 1.9 million tons of palm oil from July 1, 2024 to March 6, 2025, compared […]
The Malaysian Palm Oil Board said flooding in the eastern part of the country led to a reduction in palm oil production in January and February. By the end of February, Malaysian palm oil stocks will fall to 1.5 million tons, the lowest level in nearly two years.
Indonesia is studying the implementation of biodiesel blends (B50) containing 50 percent palm oil in 2026, Eniya Listiani Dewi, an official from the Ministry of Energy, told members of parliament on Tuesday. In addition, the Indonesian government is also considering launching a jet fuel blend containing 3 percent palm oil next year. To reduce its […]
Industry experts believe that Indonesia’s decision to raise export taxes on crude palm oil (CPO) will boost demand for Malaysian CPO, making its price more competitive. According to Dar Securities, Malaysia could see increased palm oil demand if Indonesia proceeds with plans to raise export taxes to support higher biodiesel blending requirements. The firm noted […]
Jan. 20 (Bloomberg) — Indonesia will temporarily freeze the allocation of subsidies for the mandatory palm oil biodiesel and replanting program as the palm oil fund management agency (BPDPKS) is being restructured. Official Ahmad Maulizar said the agency is undergoing restructuring after taking over the management responsibilities of the Cocoa and Coconut Funds, and is […]