Archived News

09/03/2016 (Business Standard) - Supported by pick up in domestic demand and firm global cues,crude palm oil prices were up by 0.22 per cent to Rs 490 per 10 kg in futures trade today as traders created fresh positions.

09/03/2016 (Jakarta Globe) - Indonesia may produce about 2.5 million metric tons of palm oil-based biodiesel in 2016, about a third of its targeted volume, because of the widening spread between biodiesel and gasoil, a Malaysian industry official said on Tuesday.

09/03/2016 (Daily Express) - Government-linked companies (GLCs) and the private sector are encouraged to build palm oil processing mills in the district to cater to the needs of growers here.

09/03/2016 (News Ghana) - Organised by Proforest, which is leading the Initiative on behalf of Tropical Forest Alliance (TFA) 2020, the workshop was held in collaboration with the Government through the Ministry of Food and Agriculture.

09/03/2016 (Food Ingredients First) - After having supplied sustainable palm-based emulsifiers for some years, Palsgaard A/S are now also able to deliver a broad range of emulsifiers based on segregated certified palm oil.

09/03/2016 (Bernama) - The government has allocated RM250 million in grant to encourage investments in production of oleochemicals and food and health value-added products, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

09/03/2016 (The Star) - Malaysian palm oil futures extended gains on Tuesday on a drop in the ringgit and hopes that top producing countries will now use more tropical oil for biodiesel production.

09/03/2016 (Economic Times) - Edible oil companies such as Adani Wilmar and Ruchi Soya have refrained from increasing prices of palm and soya oils because the rupee has firmed up against the US dollar, providing some cushion against costlier imports.

08/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

08/03/2016 (Indonesia Investment) - The crude palm oil (CPO) price continues to rise supported by the impact of the El Nino weather phenomenon. El Nino causes a dry spell in Southeast Asia, home to the world's largest palm oil plantations. As a result, CPO inventories in Malaysia may have declined to 2.11 million tons, an 11-month low in February 2016. Meanwhile, Singapore-based agribusiness trader Olam International Ltd said CPO stocks will decline to the range of 1.5 - 2.0 million tons in the second quarter of 2016. Obstacles to higher CPO prices are Malaysia's strengthening ringgit (which curtails demand for Malaysian palm oil) and attractive prices of soybean oil.

08/03/2016 (Business Standard) - Crude palm oil prices moved up by 0.60 per cent to Rs 488.70 per 10 kg in evening session in futures trade today as participants built up fresh positions, tracking a firm trend overseas.

08/03/2016 (The Star) - Ta Ann Holdings Bhd, a timber and oil palm conglomerate, aims to lead the way in effective peatland management of its oil palm estate in Naman near here