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Business

EU plans to impose import duties on Indonesia biodiesel

BRUSSELS/PARIS/JAKARTA: The European Commission has proposed duties ranging from 8% to 18% on imports of biodiesel from Indonesia to counter what it says are unfair subsidies, the latest twist in a case that has lasted seven years

Business

Indonesian presidential hopefuls vow energy self-sufficiency through palm

JAKARTA: Indonesia's two presidential candidates pledged on Sunday to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fuelled by palm oil, to cut costly oil imports by Southeast Asia's biggest economy.

Business

B10 mandate lifts CPO price

PETALING JAYA: The increased mandated usage of palm oil as fuel and rising demand from key buyers are helping to pare down record-high inventory and boost the commodity price to its highest level since July last year.

Business

Malaysian palm oil price gains for 2nd straight day on stronger crude oil

KUALA LUMPUR: Malaysian palm oil futures edged up for a second consecutive session on Tuesday, tracking strength in crude oil prices and a weaker ringgit.

Business

EU to withdraw Argentina, Indonesia biodiesel duty appeals

BRUSSELS: European Union ambassadors agreed on Thursday to withdraw an appeal to the European Court of Justice meaning the bloc will have to accept its verdict annulling anti-dumping duties imposed on imports of biodiesel from Argentina and Indonesia.

Business

Malaysian palm oil/Vegoils: Market factors to watch Wednesday July 27

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday July 27

Business

Malaysian palm oil price rises on Indonesian energy firm's biodiesel supply deal

KUALA LUMPUR: Malaysian palm oil rose on Wednesday after reports Indonesian state-owned energy company Pertamina had secured biodiesel supplies.

Business

Rapeoil prices rise on biodiesel demand

LONDON: Rapeseed oil prices rose on the European vegetable oils market on Wednesday, boosted by demand from biodiesel producers and a further decline in the value of the euro.

Business

Palm oil prices set for a "year of two halves", biodiesel demand eyed

KUALA LUMPUR: Palm oil prices are set for a "year of two halves", rising over the next few months as demand overwhelms supply but slipping to as much as six-year lows later in 2015 as output climbs, analysts said at an industry conference.