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Malaysia s biodiesel mandate, like Indonesia s, to be delayed, says ministry sec-gen | Money

Thursday, 07 Jan 2021 08:13 PM MYT The mandate to manufacture biofuel with a 20 per cent palm oil component known as B20 for the transport sector was first rolled out in January 2020, and was set to be fully implemented across the country by mid-June this year. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Jan 7 Malaysia’s B20 biodiesel mandate will be delayed by about six months to early 2022, said Plantation Industries and Commodities Ministry secretary general Ravi Muthayah. “Nationwide we are giving priority for the government’s post Covid-19 economic recovery plan, which is more crucial. We have limited resources and must identify priorities,” he told Bernama today.

The three-year campaign of Olive Oil World Tour in China has been completed successfully

The three-year campaign of Olive Oil World Tour in China has been completed successfully BEIJING, Dec. 23, 2020 /PRNewswire/ In 2018, Olive Oils from Spain and the European Union have launched a three-year global campaign of Olive Oil World Tour in United States, Europe and Asia, aiming to promote the benefits of olive oil and make consumers to enjoy the European healthy lifestyle with Olive Oils from Spain. During the three years, successful results and impressive figures have been achieved in China. In a year such as 2020, when health has been the greatest concern of society worldwide, a greater awareness of the importance of nutrition means that more than ever, healthy products such as olive oil have a place in the Asian market.

[Listen] Gordy Weekly Ag Market Recap Corn and Beans WOW!

It seemed like beans and especially corn were struggling to hold support and remain in a sideways pattern this week. We would get pushed lower, find buyers under the market and move back into the range. The weather in South America is still far less than ideal, Argentina is the worlds largest soybean meal exporter and a workers strike has the docks shut down, and the weekly export sales were very strong even though there were only a couple daily export sales announcements from the USDA. So, maybe we were marking time waiting for some new bullish news and it came late in the session on Thursday. After the close I saw there was a sharp quick rally in corn and beans plus we followed through in the overnight session. The first thing I asked Gordy on the air is (not that I was complaining) but what happened. The new bullish news may have been that there was a report in Oil World that some soybean sales in February had been switched from South America to the United States!

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