Malaysian exports of palm oil and related products totalled US$22bn (MYR99.3bn) in January-November 2024, an increase of US$2.8bn (MYR12.5bn) compared to the same period the previous year, The Edge Malaysia wrote.

German chemical and biotech giant BASF has partnered with Brazilian-German company INOCAS to scale up Macaúba oil supply for the personal care product sector.

The International Air Transport Association (IATA) has published new sustainable aviation fuel (SAF) production estimates.

A new study shows coconut plantations have led to deforestation on more than 80% of Pacific atolls, with coconut palms covering over half of their forested areas, global conservation organisation The Nature Conservancy (TNC) writes.

Estonian fuel retailer Olerex has been fined €6M (US$6.3M) for biofuel violations and alleged market distortion, ERR News reported from an article by investigative weekly Eesti Ekspress.

The UK government has signed its sustainable aviation fuel (SAF) mandate into law and also launched a new Jet Zero Taskforce.

The FAO Vegetable Oil Price Index increased by 7.5% in November compared to the previous month, according to the benchmark United Nations’ Food and Agriculture Organization (FAO) Food Price Index (FFPI).

Israeli FoodTech start-up Gavan Technologies has secured US$8M to set up a new European facility for commercial production of its plant-based fat.

Commodity price reporting agency Fastmarkets and US financial services company Intercontinental Exchange (ICE) have launched a used cooking oil (UCO) futures contract to meet rising biofuel demand.

Palm oil prices could range between RM4,000-5,000/tonne (US$899-US$1,124) in 2025 driven by stagnating production in key markets, particularly Indonesia and Malaysia, according to forecasts by the Council of Palm Oil Producing Countries (CPOPC) reported by New Straits Times (NST).

Global agribusiness giant Louis Dreyfus Company (LDC) has acquired a grain and oilseeds storage facility in Nueva Palmira, Uruguay, after operating the warehouse for six years.

Environmental commodity trader and climate solutions provider STX Group has acquired Dutch waste-based advanced feedstock trader Marine Olie.

Futures and options exchange Bursa Malaysia launched a US dollar-denominated, Used Cooking Oil (UCO) FOB Straits (Platts) Futures Contract (FUCO) on 16 December.