Archived News

08/07/2016 (AllAfrica.com) - In a move aimed at boosting palm oil production and getting youths meaningfully engaged, the Embassy of the Republic of Ireland in Nigeria has donated a well-equipped Vocational Training Centre and a palm oil mill to the youths of Ugbaike community in Igboeze North local government area of Enugu state.

08/07/2016 (Hindu Business Line) - World food prices posted their biggest monthly rise for four years in June, buoyed by a surge in sugar and increases for most other edible commodities, the United Nations food agency said on Thursday.

08/07/2016 (Mongabay) - The global agribusiness Bunge is the latest palm oil user to sanction IOI Group, the Malaysian producer that lost its Roundtable on Sustainable Palm Oil (RSPO) certification in March over environmental destruction in Indonesia.

08/07/2016 (Borneo Post) - Analysts believe planter Kuala Lumpur Kepong Bhd (KLK) stands to gain from competitor IOI Corporation Bhd’s (IOI) Roundtable for Sustainable Palm Oil (RSPO) suspension.

08/07/2016 (Borneo Post) - The recovery of crude palm oil (CPO) prices in the first few months of the year bodes well for Dancomech Holdings Bhd (Dancomech), the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) says.

08/07/2016 (Business Standard) - Amid pick-up in demand at domestic spot market and restricted supplies from producing belts, crude palm oil prices were up by 0.22 per cent to Rs 503.90 per 10 kg in futures trading today as participants built up fresh positions.

08/07/2016 (FoodNavigator.com) - Palm oil that is harvested at the right moment, pressed quickly and processed at appropriate temperatures contains insignificant levels of contaminants - if any, says the Italian Union for Sustainable Palm Oil. "This should be the standard for quality products," it says.

05/07/2016 (The Star) - Sawarak Oil Palms Bhd has proposed to acquire Shin Yang Oil Palm (Sarawak) Sdn Bhd (SYOP) from Shin Yang Holdings Sdn Bhd (SYHSB) for a total cash consideration of RM873mil.

05/07/2016 (Bloomberg) - Palm oil inventories in Malaysia probably expanded for the first time since November as demand for the world’s most-used vegetable oil slackened and production rebounded from the impact of a drought triggered by El Nino.

05/07/2016 (New Straits Times) - The Association of Malaysian Hauliers (AMH), whose members are not receiving warranty endorsement from truck manufacturers on usage of B10 biodiesel, appeal to the government to conduct trials on prime movers and trailers to verify the impact on the engines.

05/07/2016 (FoodNavigator.com) - NGOs have urged the EU to expand regulations that curb deforestation beyond timber to encompass commodities like soy, palm oil and beef.

05/07/2016 (Reuters) - Environmentalists have warned of greater risks of haze and forest fires in Southeast Asia after major palm oil firms ditched a landmark "zero deforestation" pact in Indonesia.