Latest Oleochemical News

calemina sativa, camelina, plantation, seeds, sativa, scaled, crops, plant, oil, feedstocks, field

USDA Sees Lower Prices for Soybeans Into the 2021/2022 Crop Year

The U.S. season-average soybean price for 2020/21 is forecast at $11.05/bushel, down $0.20 as early-season sales at lower prices continue to weigh on the season-average forecast, according to the July World Agricultural Supply and Demand Estimates (WASDE) report released by the U.S. Department of Agriculture (USDA). The soybean oil price is forecast at 57.5 cents/lb, down 1.5 cents/lb.

fuel pump, gas station, hand, black, car, fuel, diesel, renewable diesel, pump

Argentina’s Biofuels Draft Bill Extended to August 27

Argentina’s government has adopted a short new extension for the biodiesel law that has been in effect since 2006, according to the Official Gazette published July 13. The current regime was extended until August 27, or until a decision could be taken at the Parliament.

Palm, oil, inventories, graph, malaysia, cpo, statics

Malaysia End-June Palm Oil Stocks Rose by 0.04%

Malaysia’s end-June palm oil stocks hit a seven-month high up by 0.04% from the previous month to 1.61 million tons, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on Tuesday (July 13).

paraná, river, iguazú, río, paraná river, río paraná, green, nature, sky, blue,

Paraná River Sees Historic Low Water Levels Since 1944

The Paraná River, which runs through Argentina, Brazil and Paraguay, has hit the lowest historic water levels since 1944, according to Argentina’s National Water Institute (INA) due to scarce rainfall in the river basin, in Brazil, over the last three years.

diesel, fuel, fuel pump, colours, colors, green, yellow, red, black

Argentina New Biofuels Draft Bill to be Voted on This Week

The Argentine Senate is expected to vote this week on a new biofuels draft bill advocated by lawmakers from Argentina’s ruling coalition Frente de Todos, stipulating that the biodiesel mandate will be reduced from the current 10% to 5%, although the Energy Secretariat would have the flexibility to increase the blending mandate or reduce it to as low as 3% depending on market conditions.

palm, palm kornels, fruits, oil, orange, cpo, pko, red, green, tropycal, tropycal oils

India to Boost Palm Imports by Lowering Crude Palm Oil Import Tax

India, the world’s largest palm oil importer, has reduced an import duty on crude palm oil (CPO) to 10% from 15%, the Central Board of Indirect Taxes (CBIC) announced on Tuesday, as it tries to dampen near record high prices by Rs 4,657 per ton, for the last three months.

Palm fruits crop

Indonesia Lowers Palm Export Levy Rate by $80/ton

Indonesia, the world´s largest palm oil exporter, will change its export levy scheme for crude palm oil (CPO) to reduce the highest rate to $175/ton soon, Finance Minister Sri Mulyani Indrawati said on Monday.

Fresh Palm Fruits, palm oil, cpo, cpko, pko, palm, palm crops, orange, wood

Malaysia Extends Total Lockdown to End-June

Malaysia announced an extension to the first-phase of its national lockdown until June 28, keeping workforce capacity in enclosed spaces like palm oil and biodiesel processing plants limited to 60%, while plantation and nursery workforce capacity still being able to operate as normal at 100%, according to the Malaysian Palm Oil Board (MPOB).

Soybeans

Calumet to Add Pretreatment Plant to Montana Renewable Diesel Project

Calumet Specialty Products Partners, an independent producer of hydrocarbon products headquartered in Indiana, announced June 9 that it will add a pretreatment plant to its renewable diesel project at its Great Falls, Montana, as it continues to evaluate feedstock supply partners.

cpo stocks, palm oil stocks, crude palm oil inventories, malaysia palm oil price, graph, palm, oil, palm oil, cpo, crude palm oil, malaysia palm oil, inventories, price local del, ringgit

Malaysia End-May Palm Oil Stocks Rose by 1.49%

Malaysia’s end-May palm oil stocks hit a six-month high up by 1.49% from the previous month to 1.57 million tons, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on Thursday.

Scroll to Top