Archived News

31/01/2017 (GhanaWeb) - The Food and Drugs Authority (FDA) says it will be monitoring palm oil used in cooking for school children in the Eastern Region. This is to ensure its safety for consumption.

31/01/2017 (Biofuels International) - Indonesia’s Coordinating Minister of Maritime Affairs, Luhut Binsar Panjaitan, has said the country will reduce imports and promote the use of palm oil usage for biofuels to reduce its dependency on other countries, due to an uncertain global environment.

31/01/2017 (Tasnim News) – A Malaysian minister said the Southeast Asian country plans to set up a regional office in Tehran to explore Iran’s market for palm oil and other commodities.

27/01/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

27/01/2017 (Tempo.co) - Indonesia has contributed 58 percent of the world`s sustainable production of palm oil, stated the Roundtable on Sustainable Palm Oil (RSPO).

27/01/2017 (UkrAgroConsult) - Palm oil purchases by Russia totaled 66.1 KMT in November 2016, or down 13% from the previous month (76.2 KMT). This trend has been seen for a third month in a row, and November’s imports were below the monthly average in the last two seasons (73.1 KMT), UkrAgroConsult reports.

27/01/2017 (Indonesia Investment) - Indonesia, the world's largest producer and exporter of crude palm oil (CPO), set the export tax for its CPO shipments at USD $18 per metric ton for February 2017, significantly higher than the USD $3 per metric ton export tax in the preceding month. Indonesia's benchmark February CPO price was set at USD $815.5 per ton, rising further above the USD $750 per ton threshold that the Indonesian government uses to separate a zero export tax policy from the setting of an export tax.

27/01/2017 (Business Standard) - Crude palm oil prices drifted lower by 0.90 per cent to Rs 582.80 per 10 kg in futures trade today as traders reduced exposure amid tepid demand in the spot market against adequate stocks position.

27/01/2017 (Hindu Business Line) - Edible oils market ruled mixed tracking weak futures amid slack demand. On the BCE, spot rates for imported palm oil and soya oil declined by ₹2 and ₹5 per 10 kg each. Cotton oil increased by ₹2. Groundnut, sunflower and rapeseed oil ruled steady

27/01/2017 (Reuters) - Indian soyoil futures were in line to close lower for a second straight session on Friday, tracking a drop in soyoil prices on the Chicago Board of Trade (CBOT) and rival oils such as Malaysian palm.

27/01/2017 (Reuters) - Malaysian palm oil futures fell on Thursday evening in their sharpest daily drop in three weeks, recording a second straight day of losses as traders booked profits ahead of the long break for the Lunar New Year holidays.

26/01/2017 (Dawn) - The price of one-kg ghee and one-litre cooking oil pouches have been increased by Rs2-10 in the wake of rising trend in palm oil rates on the world markets.