Month: January 2023

Jan 01

Indonesia to tighten palm oil exports from January 1

Exporters will be allowed to ship six times their domestic sales volume, less than the current ratio of eight times. Indonesia will tighten export rules for palm oil from January 1 by allowing fewer shipments overseas for every tonne sold domestically, in a move aimed at ensuring sufficient domestic supply. Exporters will be allowed to ship six times their domestic sales volume, less than the current ratio of eight times, according to a new regulation reviewed by the Reuters news Read Full Details…

Jan 01

Green hydrogen: Fuel of the future has ‘big potential’ but a worrying blind spot, scientists warn

Made exclusively with renewable power, green hydrogen is emerging as a promising alternative to polluting fossil fuels. But this much-touted fuel of the future may have a pitfall. Some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry. At least four studies published this year say hydrogen loses its environmental edge when it seeps into the atmosphere. This is because it reduces the concentration of molecules Read Full Details…

Jan 01

Palm oil ends flat, demand concerns weigh

Malaysian palm oil futures reversed losses on Thursday after trading in a tight range, but the contract ended virtually unchanged, weighed down by sluggish demand and as traders booked profits. The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 3 ringgit, or 0.07%, to 4,090 ringgit ($925.34) a tonne. Although production is lower, traders are concerned about demand momentum, said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Palm oil had tracked a Read Full Details…