Archived News

29/03/2017 (Business Standard) - Crude palm oil prices went up by 0.41 per cent to Rs 511.90 per 10 kg in futures trading today as participants indulged in creating fresh positions after spot demand picked up.

29/03/2017 (Financial Express) - The government on Monday lifted a ban on bulk exports of certain categories of edible oils, including groundnut, sesame and soyabean, aimed at boosting farmers’ realisation.

29/03/2017 (Hindu Business Line) - Malaysian palm oil futures fell to their lowest in more than five months on Monday in a third consecutive session of losses, weighed down by weakness in other oils and a stronger ringgit.

29/03/2017 (Indonesia Investments) - Indonesia's largest supplier of crude palm oil (CPO), Astra Agro Lestari, is expected to see improving corporate earnings in the years ahead on the back of the rising CPO price and expectation of the company's climbing CPO production volume.

29/03/2017 (FoodIngredientsFirst) - The debate surrounding the sustainability of the palm oil industry is driving forward change - and that can only be a positive thing, according to the industry body, the Roundtable on Sustainable Palm Oil (RSPO). The companies involved in the palm oil supply chain have to be aware of the issues that sit side by side this industry, linked to major controversies including deforestation, habitat degradation, climate change, indigenous rights abuses including labor exploitation and cruelty to animals. This, of courses, happens in the countries where the palm oil is produced, because the land and forests must be cleared for the development of palm plantations.

29/03/2017 (Argus) - Finland-based Neste's executive vice president of renewable products Kaisa Hietala spoke to Argus recently. Topics under discussion included the headway being made in Nordic countries' renewable transport fuels markets and the assessment of biofuels blending on a basis of greenhouse gas (GHG) reductions, as well as expanding capacity for hydrotreated vegetable oil (HVO) as a renewable diesel in Europe.

29/03/2017 (FoodNavigator) - Nestlé says it is "very concerned" by allegations that its palm oil supplier Wilmar International has again been implicated in sourcing palm oil from the protected Leuser ecosystem in Indonesia, according to a report by the Rainforest Action Network (RAN).

29/03/2017 (Free Malaysia Today) - Malaysia has been actively carrying out research and development activities in palm oil-derived biodiesel since the 1980s, contrary to claims by a prominent economist that such efforts were “too modest”.

Malaysian palm oil futures fell to their lowest in more than five months on Monday in a third consecutive session of losses, weighed down by weakness in other oils and a stronger ringgit.

Malaysian palm oil futures fell to their lowest in more than five months on Monday in a third consecutive session of losses, weighed down by weaker performing related vegetable oils.

The Ministerial Forum on Food Regulation, represented by nine Australian ministers and New Zealand’s new Food Safety Minister, David Bennett, will meet in Adelaide on 28 April to vote on whether or not to introduce this specific labelling.

The growth in palm oil exports, coupled with higher crude palm oil (CPO) prices and increasing global demand for the edible oils, would bode well for Boustead Plantations Bhd.