The benchmark CPO futures contract for July delivery on BMD dropped 3.3% to MYR3,455 per tonne

According to data published by the European Commission, soybean shipments to the Netherlands, Spain, Portugal and Germany tripled compared to previous years in March

Tim Worledge reports from the Price Outlook Conference in Malaysia

Soft oils make up for the biggest share, with an increase of 85.5%

Competition from Indonesia and decreased demand from key markets hit Malaysian shipments

Indonesian biodiesel producers had initially started a litigation process against the initial ruling by the EU, alleging failures to consider all data

Prices expected to decline, leading to market uncertainties

According to a report by the International Energy Agency, demand for vegetable oils, waste and residue oils and fats is set to increase by 56% between 2022 and 2027

Weekly vegetable oils markets commentary

As part of a wider decarbonization strategy, the Italian energy major aims to increase biofuels and SAF production