The World Trade Organization (WTO) recently ruled that parts of the EU’s Renewable Energy Directive (RED II) unfairly discriminate against Indonesia’s palm oil exports. The ruling was published on January 10 and is seen as a major victory for Indonesia in its trade dispute with the EU over biofuels. While the WTO supports the EU’s […]
World Trade Organization (WTO) experts on Friday largely supported the European Union’s (EU) restrictions on the use of palm oil in biofuels after Indonesia filed a complaint. Indonesia, the world’s largest producer of palm oil, requested the panel to review the relevant EU restrictions in 2019. According to a Geneva-based trade official, the dispute panel […]
Palm oil (CPO) prices are expected to remain high in the first half of 2025, trading in the range of RM4,400 (US$976.37) to RM4,800 (US$1,065.13) per tonne, before easing back during the seasonal peak in the second half of the year to RM4,000 (US$887.61) to RM4,400 (US$976.37) per tonne, according to Mazda News Agency. (US$). […]
Experts attending the 7th Pakistan Edible Oil Conference (PEOC) 2025 strongly urged the government to promote local palm oil cultivation to reduce dependence on more than 90% imports from Indonesia and Malaysia. Speakers pointed out that there could be a severe shortage of palm oil in the coming years as Indonesia and Malaysia gradually increase […]
Malaysian palm oil futures fell sharply on Thursday (Jan. 2) due to the delay of Indonesia’s B40 biodiesel program, which created uncertainty in the market and triggered a wave of selling. Indonesia was scheduled to implement a higher percentage of mandatory biodiesel blending program (B40) on January 1, 2025, but the program was not implemented […]
The Jakarta Post reports that the Indonesian Palm Oil Association (Gapki) is expressing concerns over a new 10% levy on crude palm oil exports, up from the previous 7.5%. This increase is expected to significantly reduce exports. The higher levy is intended to fund subsidies for the B40 blending mandate set to take effect in […]
The European Union has seen a consistent decline in palm oil imports over recent years. This trend is largely attributed to increasing environmental concerns and the push for sustainability within EU policies. Palm oil production has been widely criticized for its role in deforestation, biodiversity loss, and greenhouse gas emissions, which are major drivers of […]
Crude palm oil (CPO) futures contracts on Bursa Malaysia’s derivatives market ended lower on Wednesday, falling for a fourth consecutive session, weighed down by declines in rival edible oils. Crude palm oil prices fell to a one-month low on growing concerns over the biodiesel B40 programme, which starts next month. At the close, the January […]
China’s sustainable palm oil market has achieved a major milestone with the arrival of the first shipment of RSPO Certified Sustainable Palm Oil (CSPO) at the port of Shanghai. The ground-breaking shipment was led by Asia’s top dairy brand and global industry leader, Inner Mongolia Yili Industrial Group (Yili Group), in partnership with China’s largest […]
Palm oil futures on the Malaysian Derivatives Exchange are expected to trend higher this week, driven by potential bargain-hunting after recent sell-offs. According to palm oil trader David Ng, expectations of declining production could boost market sentiment, providing further support for prices.