As of 2021 Thailand is the third-largest producer of palm oil. However, it accounts for only 3% of the global production, while Indonesia and Malaysia account for 85% of the world’s estimated annual production of roughly 73 million mt.
10/25/2021 LINCOLN, Neb. (DTN) -- Archer Daniels Midland is expected to use more than half of its ethanol-production capacity to produce sustainable aviation fuels as part of an agreement made with Gevo, the companies announced in a news release on Monday.
As part of a memorandum of understanding, the companies expect to produce up to 500 million gallons of sustainable aviation fuel at ADM plants. ADM expects to install Gevo technology on dry mill ethanol plants in Columbus, Nebraska; Cedar Rapids, Iowa; and Decatur, Illinois. The plants have a combined production capacity of about 900 million gallons of ethanol.
ADM operates seven ethanol plants in Nebraska, Iowa, Illinois and Minnesota, with a total production capacity of about 1.6 billion gallons.
Sustainable aviation fuel production is a growing market for corn producers. The companies said they plan to launch commercial production of sustainable aviation fuel in the 2025-2026 timeframe.
In September, USDA joined a government-wide sustainable aviation fuels challenge to meet 100% of U.S. aviation fuel demand by 2050.
The initiative was announced during a White House roundtable with U.S. Ag Secretary Tom Vilsack, U.S. Department of Energy Secretary Jennifer Granholm and U.S. Department of Transportation Secretary Pete Buttigieg.
8/15/2021 Palm Oil in all time high ground
/14/2021 In Malaysia palm oil production is falling short of expectations. Shortage of workers has become more severe lately. Exports declining. Stocks still relatively low. (Oil World)
7/13/2021 Malaysian palm oil futures , which were correcting after hitting multi-year highs, have risen 9% since India cut its import tax on crude palm oil
7/14/10 Goldman Sachs has upped their 3-month price forecast for grains:
6-months out, corn prices are seen reaching $4.50 vs. $4.00.
Soybean 3-month outlook seen at $9.75 v. $9.25,
6-month out GS sees prices reaching $9.50 vs. $9.00.
Wheat 3-month outlook is seen at $5.20 v s. $4.75.
6-month out wheat is seen reaching $5.50 vs. $5.00.
7/13/10 (Bloomberg) China, the world’s biggest consumer of vegetable oils, may import about 200,000 metric tons of soybean oil each month from July to September, the portal Grain.gov.cn said in an e-mailed report.
7/9/10 Malaysia's palm oil stocks fell to a 10-month low, a sign that heat stress to trees may have been more severe than projected.
2/9/10 U.S. soyoil production is expected to increase, thanks to a recent decision by the Environmental Protection Agency that soyoil-based biodiesel will qualify for government production mandates, the U.S. Department of Agriculture said.
7/6/08 India may increase edible oil imports by more than 80 % in the four months to October.
2/5/08 Indonesia's government will impose a 15% export tax if palm oil exceeds $1,100 a metric ton.
10/6/05 The U.S. Census Bureau said that soybean oil stocks totaled 1.73 billion pounds at the end of August, down from 1.99 billion pounds last month.
04/27/04 Soybean oil stocks were down 35% from a year ago