Archived News

11/11/2016 (Hindu Business Line) - Of late, India’s vegetable oil industry has been claiming that the country imports ‘excessive’ quantities of vegetable oils, hurting interests of oilseed growers here. There is demand for a hike in customs duty on imports and for a wider duty differential between unrefined and refined oils — which at present is 7.5 percentage points. Palm oil is the principal commodity in the vegetable oil basket and the share of refined oil import has been rising steadily.

11/11/2016 (Food Business News) - Mondelez International on Nov. 10 laid out new milestones and requirements for suppliers to work toward a sustainable supply of palm oil as part of its updated palm oil action plan.

11/11/2016 (The News International) - Pakistan imported about 605,333 tones of palm oil from Malaysia during the period of January-September, which were used primarily in the food sector.

11/11/2016 (New Straits Times) - The Philippines government is ready to offer Malaysia land for oil palm plantations in southern Philippines to boost the economy there.

11/11/2016 (Business Standard) - Amid pick-up in domestic demand and restricted supplies from producing belts, crude palm oil futures traded higher by 1.75 per cent to Rs 534 per 10 kg today as traders created fresh positions.

11/11/2016 (Reuters) - U.S. soybeans rose more than 1 percent on Friday, drawing support from palm oil, and putting the oilseed on track to recoup much of its losses from the previous week despite expectations of ample global supply.

11/11/2016 (Reuters) - Chicago soybean futures rose 1.7 percent on Friday with the market on track for its biggest daily gain in more than two weeks as concerns over lower planting in Argentina underpinned sentiment.

11/11/2016 (Reuters) - World food prices edged up in October to continue an upward trend since January, the United Nations food agency said on Thursday, adding that prospects for global cereal output had improved.

11/11/2016 (Business Standard) - n restricted activity, groundnut oil prices dropped by Rs 200 per quintal per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists following fall in demand from retailers.

10/11/2016 (Borneo Post) - The Roundtable on Sustainable Palm Oil (RSPO) has reaffirmed its commitment to ensure no stakeholders are left behind in the transformation process.

10/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

10/11/2016 (Reuters) - The following were Wednesday's Rotterdam vegetable oil prices at 1700 GMT: