Archived News

23/12/2015 (Bernama) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives continued their uptrend for the second consecutive day on expectations of weaker palm oil production, said a dealer.

23/12/2015 (Business Standard) - In restricted activity,palmolein oil prices drifted by Rs 50 per quintal at the wholesale market today on sluggish demand from retailers.

23/12/2015 (EIN Presswire) - Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE: FRN) is pleased to announce that its palm oil subsidiary, Plantations et Huileries du Congo SA ("PHC"), has entered into a secured term facility agreement (the "Facility") for up to $49 million with a syndicate of European lenders consisting of four Development Finance Institutions ("DFIs"). All amounts in this press release are expressed in US dollars unless otherwise indicated.

23/12/2015 (Business Standard) - Crude palm oil prices rose 0.48% to Rs 412 per 10 kg in futures trading today as participants indulged in creating positions, driven by pick up in demand in the spot market.

23/12/2015 (eco-business.com) - The palm oil sector was widely blamed for the haze that plagued Southeast Asia earlier this year. Agus Purnomo, managing director for sustainability and stakeholder engagement, Golden Agri-Resources, outlines what the industry giant is doing to produce the crop more sustainably.

23/12/2015 (Reuters) - Indonesian food manufacturer PT Tiga Pilar Sejahtera Tbk plans to exit from its holding of palm oil producer PT Golden Plantation Tbk to focus on its core business, a senior executive said on Wednesday.

22/12/2015 (Reuters) – The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

22/12/2015 (Hindu Business Line) - In yet another blow to the ailing edible oil industry, the Argentina government has removed export duty on soyabean and soya oil to make their exports competitive and retain its share in global edible oil market where prices are falling.

22/12/2015 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended higher on Monday, to a near three-month high on Monday, as concerns that drier weather could curb output boosted prices.

22/12/2015 (Reuters) - India should raise the import duty on refined vegetable oils to 27.5 percent from 20 percent to stem the tide of cheaper overseas purchases, a leading trade body said on Monday.

22/12/2015 (Jakarta post) - The government has been reviewing three industrial areas to be designated palm oil industrial zones in a bid to strengthen the downstream industry in the world’s largest palm oil producer, the Industry Ministry’s director general for agro-industry, Panggah Susanto, has said.

22/12/2015 (Starr 103.5 FM) - The Food and Drugs Authority secretariat in the Eastern region has revealed that over 42% of Palm oil samples taken from the various markets in the region have tested positive for containing the carcinogenic Sudan IV dye after laboratory tests.