Archived News

03/02/2017 (Jakarta post) - The Indonesian Palm Oil Producers Association (Gapki) has signed a memorandum of understanding (MoU) with the Indonesian Rectors Forum (FRI) on a link-and-match program to prepare skilled workers.

03/02/2017 (Hindu Business Line) - Majority of oils in Indore mandis traded higher on strong global cues and scattered buying barring groundnut oil. Soya refined was quoted at ₹710-12 for 10 kg, while soya solvent ruled at ₹680-84. Palm oil was quoted at ₹686-87, while cotton oil ruled at ₹700 (up ₹ from last week). Groundnut oil slipped to ₹1,000 a quintal (down ₹40 from last week) .

03/02/2017 (Indonesia Investment) - The Indonesian Palm Oil Producers Association (Gapki) announced that Indonesia's palm oil production realization reached 34.5 million tons in 2016, down 3 percent from a production figure of 35.5 million tons in the preceding year.

03/02/2017 (Business Standard) - Crude palm oil prices were up by 0.45 per cent to Rs 580.70 per 10 kg in futures trade today as speculators created fresh positions after pick up in demand in the spot market.

03/02/2017 (Netralnews) - Finance Minister Sri Mulyani Indrawati hopes palm oil industry players consistently give contribution to state revenue via tax payments and non-tax revenues (PNBP).

03/02/2017 (The Star) - Malaysian palm oil rose 1.4 percent in the first-half session on Thursday, supported by data showing lower production and improved exports.

03/02/2017 (Hindu Business Line) - Edible oils witnessed dull trading on Friday tracking weak overseas and domestic futures amid lack of physical demand. Malaysian palm oil and Chicago soya oil show weak sentiments keeping higher selling pressure in domestic markets. Local refineries kept their rates steady but discounted offer by resellers kept the volume thin and isolated. Stockists stayed away from fresh bulk forward buys.

02/02/2017 (Jakarta Post) - Despite an extensive "negative campaign" about Indonesian palm oil products and falling exports to most countries worldwide, exports to the European Union increased by 3 percent to 4.4 million tons in 2016, up from 4.2 million tons in 2015, as the commodities are much needed in the EU food industry.

02/02/2017 (Jakarta Post) - Despite a prolonged drought caused by the El Niño weather phenomenon, production of palm oil unexpectedly only fell by 3 percent to 34.5 million tons in 2016 compared to 35.5 million tons two years ago, the Indonesian Oil Palm Producers Association (GAPKI) revealed.

02/02/2017 (Borneo Post) - Analysts across the board laud Sime Darby Bhd (Sime Darby) rolling out its long-awaited demerger exercise plans last week, which divides the group into three entities, namely Sime Darby Plantation Bhd, Sime Darby Property Bhd and Sime Darby Bhd.

02/02/2017 (Reuters) - Indian sugar and rapeseed futures rose in heavy trading on Wednesday after Finance Minister Arun Jaitley unveiled the annual federal budget.

02/02/2017 (Daily News & Analysis) - Palmolein oil prices declined by Rs 50 per quintal in an otherwise steady at the wholesale oils and oilseeds market today owing to slackened demand from retailers.