Market News

11.19.08

Biopetrol Bringing Rotterdam Plant Online

Switzerland-based Biopetrol Industries began to bring its 400,000mt per year pla...

11.18.08

CPO Prices to Remain Low

Crude palm oil prices will likely remain subdued for the next several months wit...

11.17.08

OPEC Cuts Demand Forcast as Oil Continues to Drop

Oil fell for a second day as Japan entered its first recession since 2001 and Ch...

11.13.08

CPO Prices May Not Have Hit Bottom Yet

A London-based vegetable oil analyst said that crude palm oil prices have not bo...

11.12.08

Global Investors Promote Renewable Energy

Global institutional investors holding more than $6 trillion in assets are pushi...

11.11.08

Indonesia and Malaysia to Cut CPO Production

The Indonesian and Malaysian governments have agreed to cut production and incre...

11.10.08

World Oilseed Output Forcast Raised

World oilseed output is forecast at 431 million mt for 2008/09 compared to 404 m...

11.07.08

Global Soy Oil Trade Likely to Decline

Global trade of soybean oil is likely to decline by 1.0 million mt, or 4%, in 20...

11.06.08

ICIS Adds to Pricing Reports

ICIS pricing has enhanced its US and European biofuel price reports with new pri...

11.05.08

US Presidental Election Impacts World Markets

The dollar gained ground on the euro following Barack Obama’s presidential elect...

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Soybean Prices Spark Unrest in Indonesia

01.16.08

In Indonesia, police were forced to clear the streets after food riots broke out over rising soybean prices. The riots were characterized as the largest since Mexican protests of rising tortilla prices last year.

Increasing demand in China reduced US capacity as more farmers plant corn for ethanol, and poor harvests in Brazil and Argentina are said to underlie the price increases. The Indonesian government says it will continue with its planned 10% biofuel mandate target by 2010 despite high crude palm oil prices, and will rely more on ethanol than biodiesel to meet the target.



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