Market Insight

Soyabean Oil Futures Now Open for Trading on Bursa Malaysia

Futures and options exchange Bursa Malaysia Derivatives Berhad has announced it is now trading soyabean oil futures. The launch of the Bursa Malaysia DCE Soybean Oil Futures (FSOY) contract followed an agreement between the exchange and Dalian Commodity Exchange (DCE) for the licensing of soyabean oil futures settlement price that the companies announced in November. …

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Shipping Fund Proposal Submitted to UN to Meet Marine Sector’s Net Zero Emission Targets

The International Chamber of Shipping (ICS) presents a collaborative proposal with the Commonwealth of The Bahamas and the Republic of Liberia to the United Nations International Maritime Organization (IMO) for the establishment of a Zero Emission Shipping Fund (ZESF). Accelerating the Transition to Net Zero by 2050 The proposal aims to expedite the shipping sector’s …

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Indonesia’s December Biodiesel Production Climbed by 7%, While Exports Increased

Production Increased Indonesia’s biodiesel output climbed by 7% in December, while exports increased, according to local trade association data provided by S&P Global. Indonesia produced 1.24 billion liters (7.82 million barrels) of biodiesel in December, up 7.2% over the previous month, according to APROBI on February 2. The world’s third-largest producer produced 13.15 billion litres …

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Indonesia’s January Drought, Lower Rice Production and Higher Imports

February 2, Jakarta – This season, Indonesian farmer Wardiyono started planting his small rice field in January instead of November as usual. This shift was in response to an exceptionally strong El Nino weather phenomenon causing months of drought. After three weeks, he is concerned because the parched crop has not received enough rain. In …

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Global Bio-Based Cosmetics Market Projections Reach US$8.86 Billion by 2032

Global Bio-Based Cosmetics Market Anticipates Remarkable Growth by 2032 As per the latest insights from Emergen Research, reported by Globe Newswire, the global bio-based cosmetics market is poised to experience substantial growth, projecting an impressive surge from US$4.95 billion to US$8.86 billion between 2022 and 2032. This noteworthy expansion is attributed to several factors, including …

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Rising Demand for Natural Sweeteners Boosts Dextrose Monohydrate Market

In accordance with Future Market Insight, the worldwide dextrose monohydrate market is expected to reach US$ 498 million by 2023 and to rise at a CAGR of 4.0% to reach US$ 708.7 million by 2033. Demand for dextrose monohydrate is expected to grow during the projected period as a result of its health benefits. Its …

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Greening the Plastics Industry: Bioplastics Market Outlook for 2023

Bioplastics are biodegradable materials made from renewable resources that can be utilized to lessen the issue of plastic trash that is strangling the world and contaminating the environment. Bioplastics are being marketed as an alternative, and they work by obtaining natural polymers from waste materials including potato and maize starch, cellulose, and agricultural waste. According …

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