Archived News

14/10/2016 (Bernama) - The oil palm industry needs to wait until 2018 to see yields normalising after being badly impacted by prolonged drought due to the El Nino phenomenon.

14/10/2016 (Proactive Investors UK) - DekelOil Public Limited (LON:DKL) has released a production and sales update for its West African palm oil operation, where the harvest has been shorter this year.

13/10/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

13/10/2016 (Reuters) - Malaysian palm oil futures rose to their highest in nearly two weeks on Wednesday, buoyed by a weaker ringgit and expectations of a drop in production.

13/10/2016 (Bernama) - The Malaysian Palm Oil Council (MPOC) will appeal to the government to review the windfall profit levy which is extremely burdensome to oil palm planters.

13/10/2016 (Bernama) - Malaysian palm oil production is expected to drop by between five per cent and eight per cent this year due to the prolonged El Nino drought, said Malaysian Palm Oil Council (MPOC) chairman Datuk Lee Yeow Chor.

13/10/2016 (Leadership) - The Federal Government through the Minister of Agriculture and Rural Development,Chief Audu Ogbeh has said the Ministry is to distribute 900 million high yielding seedlings to farmers to boost palm oil production in the country.

13/10/2016 (Global Trade Review) - Olam International’s Awala palm oil plantation in Gabon has achieved RSPO certification, the world’s flagship certification of sustainable palm oil. In doing so it is the first new development to become RSPO certified in Africa, and, according to industry experts, will have a far-reaching impact on supply of the product going forward.

13/10/2016 (Business Standard) - Crude palm oil prices moved up by 0.30 per cent to Rs 500 per 10 kg in futures in the evening trade today as participants built up fresh positions, driven by pick up in demand in the spot market.

13/10/2016 (The Star) - A local oil and gas company is lending its industry expertise to Universiti Teknologi Malaysia (UTM) to develop what is believed to be the world’s first palm oil-based drilling fluid.

13/10/2016 (New Straits Times) - Malaysian Palm Oil Council (MPOC) will continue to urge France not to discriminate palm oil with tariff or technical trade barriers that will render it uncompetitive with other edible oils, said chairman Datuk Lee Yeow Chor.

13/10/2016 (The Straits Times) - We thank Mr Tan Yi Han of People's Movement to Stop Haze for complimenting FairPrice's sustainability efforts and for his concern towards the environment ("Supermarkets should sell sustainable palm oil"; last Saturday).