The utilization of biodiesel blended fuels reached 4.36 million kiloliters (kl) until mid-2020, constituting almost 68 percent of last year's total consumption, the Energy and Mineral Resources Ministry stated.
Jakarta (ANTARA) - Several members of the House of Representatives (DPR), in their statements received by Antara, opined that the palm oil commodity holds strategic value as a source of foreign exchange and to support the national economy.
KUALA LUMPUR (Sept 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its upward momentum today, reaching an eight-month high and extending its upward momentum in the last five days.
SYDNEY — U.S. soybeans dipped on Friday, retreating from a two-year high touched in the previous session, although the oilseed was on course to post a weekly gain of 1.5% underpinned by strong demand from China.
KUCHING, Sept 3 — The biodiesel improvement programme and initiatives in the country as well as opening of new markets have contributed to the increase in palm oil price currently, said Plantation Industries and Commodities Deputy Minister Willie Mongin.
KUALA LUMPUR, Sept 4 - Malaysian palm oil futures are set to snap six-day winning streak on Friday on forecasts of higher August stockpiles in the world's second-largest producer, although the contract is still set to clock a weekly gain of 4.3%.
BOGOTA, Sept 2 (Reuters) - Production of palm oil in Colombia will rise this year to 1.65 million tonnes, a 10% uptick on last year because of increased output, the president of the producers' association said on Wednesday.