Archived News

22/04/2016 (Reuters) – The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

22/04/2016 (The Financial) - According to the official statistics data, Ukraine imported nearly 110.4 thsd tonnes of palm oil during September-March of 2015/16 MY, up 9% in comparison with the same period last year (101.5 thsd tonnes).

22/04/2016 (Reuters) - The following were Thursday's Rotterdam vegetable oil prices at 1600 GMT.

22/04/2016 (Reuters) - Palm oil firms have slammed Indonesia's move to prohibit the use of new land to boost production, saying President Joko Widodo's latest effort to tackle forest fires could slash jobs and cripple output in the world's top producer of the commodity.

22/04/2016 (Hindu Business Line) - Edible oils prices continued their bullish trend on back of higher physical demand amid firm futures led by overseas markets. Malaysian palm oil futures closed higher for third consecutive day lifting NCDEX soya oil futures by ₹10/11 till evening. On the BCE, barring cotton oil, all other edible oils rose in the range of ₹5-10, while groundnut oil flared up by ₹30.

22/04/2016 (Pravdare) - Russian customers should be properly informed about the presence of palm oil in food products. President Putin instructed the government to take adequate measures at this point and study a possibility for the introduction of excise duties on tropical vegetable oils.

22/04/2016 (The New Dawn Liberia) - It was a joyous and colorful day for citizens of Tarjuowon District and the entire Sinoe County as one of Liberia’s biggest private sector employers, Golden Veroleum Liberia on 19 April 2016 dedicated a mini mill in the district, situated in Southeast Liberia with Vice President Joseph Boakai gracing the occasion as key note speaker.

22/04/2016 (Business Standard) - The Oil Palm Developers and Processors Association (OPDPA), the nodal body for oil palm development in the country, on Thursday welcomed the central government's move to assist palm oil farmers by implementing a market intervention scheme.

22/04/2016 (Jakarta Post) - The Indonesian Oil Palm Estate Fund (BPDP) has invested Rp 6.75 billion (US$512,530) with 155 farmers to help them replant their plantations in Siak, Riau. The farmers are partners of palm oil producer Asian Agri.

22/04/2016 (AgriMoney.com) - Palm oil prices will continue to gain support from falling Indonesian and Malaysian stocks - but the potential for users to switch to other vegetable oils should temper expectations for gains, Sipef said.

21/04/2016 (Aaj Tv) - If you’re a Punjabi who enjoys pakoras in Ramadan, we have some bad news for you – there isn’t enough vegetable ghee to go around in your province. At the time of writing, the current stock of palm oil (used in manufacturing vegetable ghee) is only enough to last a month from now, and more isn’t on the way. If this upsets you and you’re looking for someone to blame, know why you should blame your government.

21/04/2016 (ANTARA News) - President Joko Widodos announcement last week about a plan to impose a moratorium on new permits for oil palm plantations has been lauded by some parties, particularly NGOs.