Archived News

KUALA LUMPUR -- Despite continuous efforts to promote the palm oil industry, consultations with various stakeholders in the European Union (EU) and the strengthening of engagement with end-users, public opinion regarding palm oil in the EU is still negative due to concerns on climate change, environmental protection and biodiversity conservation.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday July 18.

KUALA LUMPUR: Malaysian palm oil futures edged down slightly at the close of trade on Tuesday, tracking overnight losses in soyoil, but remained largely range-bound as a weaker ringgit offset losses, traders said.

A new report by Friends of the Earth highlights deforestation by Golden Veroleum Liberia, an arm of the billionaire Widjaja family’s conglomerate.

The Nigerian National Petroleum Corporation (NNPC) has commenced a community integration and stakeholders’ engagement to sensitise people in Cross River ahead the planned oil palm-based bio-diesel project.According to a statement by the spokesman of the NNPC, Mr. Ndu Ughamadu, in Abuja 26,000-hectare facility was designed to accommodate an oil palm plantation co-located with bio-diesel, crude palm oil co-generation plants and other facilities.

New Delhi, Jul 17 Crude palm oil prices fell 0.36 per cent to Rs 610.50 per 10 kg in futures trade today as speculators cut bets, taking negative cues from spot market on easing demand amid expectations of higher production.

Nestlé has been reinstated as a member of the Roundtable on Sustainable Palm Oil (RSPO) three weeks after its initial suspension, according to a joint statement published by the company and the watchdog.

MUMBAI: India's palm oil imports in June plunged 41 percent from a year earlier to their lowest in nearly 4-1/2 years, a leading trade body said on Monday, as a higher import tax on the tropical oil made it more expensive.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday July 17.

KUALA LUMPUR: Malaysian palm oil futures snapped four earlier sessions of losses to gain on Monday evening on the back of improved demand and a market retracement, according to traders.

KUALA LUMPUR: The growing gap between palm oil and conventional oil products made from crude is making palm oil-based biofuel more attractive, helping boost exports from Indonesia and Malaysia, the world’s top producers.

Indonesian and Indian businesspeople signed on Monday a business-to-business agreement on palm oil to build communications between producers and consumers of the commodity.