Malaysia anticipates Asia and Africa to absorb any surplus palm oil due to European export disruptions from new deforestation laws. Stagnating production and low stockpiles will support palm oil prices. Sime Darby Plantation projects increased output in 2024. WTO supports EU in deforestation case against Malaysia, rejecting Malaysia's challenge. Shrinking global palm oil supplies and high biodiesel demand are expected to raise prices.
Shrinking global palm oil supplies, strong biodiesel demand to boost prices Stagnating global palm oil production and higher biodiesel mandates are likely to curb supplies of the world's most used vegetable oil this year, setting the stage for further gains in prices, which are…
Malaysia to monitor changes in EU curbs on palm biofuel after WTO ruling https://t.co/Pj7aLwFYGK https://t.co/nM5449tCnv
-Shrinking global palm oil supplies, strong biodiesel demand to boost prices https://t.co/eSjbhwD86V https://t.co/WMWrDRxRvJ
⚠️ WRAPUP 1-SHRINKING GLOBAL PALM OIL SUPPLIES, STRONG BIODIESEL DEMAND TO BOOST PRICES Full Story → https://t.co/iRKCH8fQ2V Stagnating global palm oil production and higher biodiesel mandates are likely to curb supplies of the world's most used vegetable oil this year,… https://t.co/ad34XJbiwf
The World Trade Organization rejected Malaysia's challenge to the European Union's phasing out of palm oil-based biofuels, ruling Tuesday that the bloc had reasonably limited when member states can count biofuel toward its renewable energy goals. https://t.co/ZrHZ7KKAqW https://t.co/rfHBalm3c0
WTO backs EU in deforestation case against Malaysia https://t.co/ksXTuq0K8U https://t.co/5tNn4QlgQg
Sime Darby Plantation sees higher 2024 output as labour situation eases https://t.co/EeMkS6tZsQ https://t.co/GUYdnAFI46
Stagnating production and dwindling stockpiles will underpin palm oil prices relative to other edible oils in the near term, according to veteran trader Dorab Mistry https://t.co/f6Dfg7iDX6
Malaysia expects Asia and Africa to soak up any supply that becomes available from export disruptions to Europe after the bloc’s new deforestation laws come into effect https://t.co/IDR0CJydOz