Archived News

08/06/2017 (Borneo Post) - RAM Ratings maintains its average full-year crdue palm oil price forecast between RM2,300 to RM2,500 per metric tonne (MT) despite stronger-than-expected prices in the first quarter of 2017 (1Q17).

08/06/2017 (Business Standard) - Crude palm oil prices were up by 0.27 per cent to Rs 487.90 per 10 kg in futures trade today as speculators indulged in enlarging positions, driven by a firm demand at the spot market.

08/06/2017 (Outlook India) - Prices of mustard and cottonseed oil rose by Rs 50 per quintal at the wholesale oils and oilseeds market today following uptick in demand from retailers.

08/06/2017 (Reuters) - Palm oil stockpiles in world No.2 producer Malaysia likely dipped in May from the month before, driven by robust appetite in key buyers such as India and Pakistan ahead of Islam's holy month of Ramadan, according to a Reuters poll.

08/06/2017 (Asian News International) - Lauding the government's move on extending further assistance to Oil Palm growers under the NMOOP Scheme, Oil Palm Developers and Processors Association (OPDPA) on Monday announced the proposal of extending assistance for more than 25 ha area per farmer and revision in assistance for oil palm plantations.

08/06/2017 (Reuters) - A management crisis at Malaysia's Felda Global Ventures Holdings (FGV) deepened on Wednesday with the national anti-graft agency saying it will soon investigate several company officials for alleged corruption and abuse of power.

08/06/2017 (Triple Pundit) - According to the Roundtable on Sustainable Palm Oil (RSPO), almost 12 million tons, or 21 percent of the global supply of palm oil, is now certified as responsible and sustainable. According to SCS Global Services, a certification and auditing firm, several factors are behind the growth of sustainably sourced palm oil, including increased consumer demand and government regulations. Earlier this spring, for example, the European Union suggested a ban on the imports of palm oil for biofuel. In addition, more food companies are committing to ending deforestation within their supply chains, which helps drive up demand for RSPO-certified palm oil.

08/06/2017 (PRNewswire) - Cargill, in collaboration with the international nonprofit Solidaridad and the Colombian-based international trading company, C.I. Biocosta S.A., announced today a new palm oil smallholder sustainability program in Colombia aimed at improving agricultural practices and farmer livelihoods. The two-year effort will strengthen operations in cooperation with more than 480 palm farmers through training and technical assistance.

07/06/2017 (The Star Online) - KUALA LUMPUR: Malaysia’s monthly palm oil inventories probably rose to the highest level since December as production in the world’s second-largest grower reached a seven-month high.

06/06/2017 (The Times Of India) - Palm oil on the European vegetable oils market was offered slightly firmer on Tuesday following the long Whitsun weekend due to a weaker dollar and because of a firmer ringgit.

06/06/2017 (Business Green) - BNP Paribas has announced a new set of guidelines requiring palm oil companies to meet strict standards on forestry protection and emissions in order to secure financing from the French bank, as it aims targets reaching 'carbon neutral' by the end of 2017.

06/06/2017 (Ecofin Agency) - Indonesia has said it is ready to help Nigeria develop its palm oil industry, according to Indonesian Foreign Affairs Minister, Retno Marsudi. She disclosed this during an official visit to her Nigerian counterpart, Geoffrey Onyeama, in Abuja on Monday.