Stockpiles in the world’s second-largest producer rose 12.63% from the month before to 1.69 million metric tons. Malaysia’s end-May palm oil inventories rose for the first time in four months, after output surged to its highest level so far this year, data from the Malaysian Palm Oil Board (MPOB) showed on Monday.

This is improving palm oil’s relative value to edible oils, he added. biofuels domestic requirements is supporting the widening of the price spread between soybean oil and palm olein,” said Marcello Cultrera, director at Singapore-based commodities consultancy Apricus 8 Pte Ltd. “The U.S.-Europe arbitrage opportunity offered on the cross- border trade by the bean oil basis versus the U.S. Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market. West Texas Intermediate (WTI) crude both rose about $1, making palm a more attractive option for biodiesel feedstock. O/R The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 73 ringgit, or 2.18%, to 3,422 ringgit ($741.66) a metric ton, its highest close since May 30.īrent crude futures and U.S. SeQuential Biodiesel, LLC and Sequential Environmental Services, LLC. Together, these organizations have created a closed. KUALA LUMPUR – Malaysian palm oil futures extended early gains on Tuesday to hit their highest closing level in two weeks, lifted by stronger crude and soyoil prices. closed-loop solution to recycle their fryer oil into biodiesel used to po. SeQuential Pacific Biodiesel to recycle used cooking oil into clean-burning biodiesel fuel. Capital Market Supporting Institutions and Professionals.Greenhouse Gas (GHG) Emission Reduction.

Sequential biofuels closing