Archived News

April 7 (Reuters) - Palm oil on the European vegetable oils market was mostly easier on Friday, tracking follow-through technical selling in Malaysian palm oil futures.

Malaysia said that its palm oil industry faces a "big challenge" after the European Parliament said in a non-binding resolution that only environmentally sustainable palm oil can be imported into the European Union after 2020.

South Sumatra province has set a target to produce 3.4 million tons of palm oil this year.

07/04/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

07/04/2017 (Reuters) - Malaysian palm oil futures fell on Thursday evening on expectations of a rebound in production, retreating from a one-week high hit in the previous session.

07/04/2017 (Business Standard) - Crude palm oil prices were up by 0.55 per cent to Rs 507.10 per 10 kg in futures trade today as speculators enlarged positions driven by a firm demand at the spot market.

07/04/2017 (Business Standard) - Sesame oil prices softened by Rs 100 per quintal in an otherwise steady wholesale oils and oilseeds market today on subdued demand.

07/04/2017 (Business In Cameroon) - The General Secretariat of the Economic Community of Central African States (CEEAC) in partnership with World Wildlife Fund (WWF) assembled on 30 and 31 March in Yaoundé, about thirty organisations and businesses in the sub region who approved a Regional Strategy Document for Sustainable Development in the palm oil sector.

07/04/2017 (Hindu Business Line) - Sluggish trend continued in oils in Indore mandis on weak global cues and slack physical demand with soya refined quoted at ₹643-45, while soya solvent ruled at ₹615-18.

07/04/2017 (AgriMoney.com) - MP Evans flagged an "encouraging" outlook for the palm oil industry, despite foreseeing "some pressure" on prices ahead from a recovery in South East Asian output, which was evident at its own plantations.

07/04/2017 (FoodNavigator.com) - Food manufacturers are struggling to tackle deforestation because of failures by governments both at home and overseas, according to candid interviews with a number of high-profile firms.

07/04/2017 (AgriMoney.com) - The rapeseed harvest in the EU, the world's top grower, will bounce back this year, US officials said, adding support to a growing consensus on rising production.