Market News 
03.10.10
BRAZIL SOY CROP TO EXCEED LAST YEAR BY 18%
Conab estimated this week that Brazil’s 2009-10 soy crop would reach 67.5 millio...
03.10.10
ARGENTINA SOY EXPORTS STAY FLAT DESPITE LOWER OUTPUT
Argentina's soy exports during the first 11 months of 2009 were in line with the...
03.10.10
SHELL: 40% OF VEHICLES TO BE ELECTRIC BY 2050
Shell CEO stated this week that by 2050 40% of all vehicles in the world will be...
03.10.10
CPO FUTURES CONTRACT TO BEGIN TRADING ON CME GLOBEX
A dollar-denominated, cash-settled crude palm oil futures contract will begin tr...
03.03.10
EU WILL ADOPT 30% EMISSIONS TARGET BY 2020
Netherlands environment minister Jacqueline Cramer said the EU will “definitely”...
03.03.10
VITOL OWNS 25% OF OIL PRODUCTS STORED ON SHIPS
Vitol owns almost 25%, 20 million barrels of a total 79 million barrels, of refi...
03.03.10
OIL RISES WEDNESDAY ABOVE $80 A BARREL
NYMEX crude oil rose 1.3% to $80.69 a barrel Wednesday after a US government rep...
02.24.10
PALM OIL FUTURES FALL ON LOWER DEMAND
Palm oil futures fell for the first time in three days on concern demand may wan...
02.24.10
ASTRA AGRO LESTARI PROFIT DECLINES 36%
PT Astra Agro Lestari’s profit declined for the first time in three years as a f...
02.24.10
INDONESIA TO HOLD CPO EXPORT TAX AT 3% IN MARCH
Indonesia will maintain its export tax on crude palm oil at 3% in March. The...
Petrotec Suspends Biodiesel Production
10.23.07
German biodiesel producer Petrotec has temporarily stopping biodiesel production because market conditions do not permit the company to cover production costs.
The company cited the German government's decision to start taxing biodiesel in August 2006 as a prime factor. Germany's renewable fuels trade association estimates that plants in the country are operating at only 40% to 50% of capacity because the tax has removed biodiesel's price advantage over fossil diesel.
Petrotec said it would suspend biodiesel output until the end of 2007, but meet all existing delivery contracts. A further biodiesel tax increase is scheduled in Germany for January 1, 2008.
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