Archived News

23/11/2015 (Reuters) - Malaysia and Indonesia will invest $5 million each in the initial operations of a new joint palm oil body, whose tasks will include stabilising prices and managing stock levels, the countries announced on Saturday.

20/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

20/11/2015 (Bernama) - Jurisdictional certification is important to develop a sustainable production of palm oil and overcome a major barrier such as haze, said Governor of South Sumatera, H. Alex Noerdin.

20/11/2015 (Bernama) - Sarawak has the potential to generate 300 megawatts of electricity from oil palm residues, says Chief Minister Tan Sri Adenan Satem.

20/11/2015 (Business Standard) - Amid muted domestic demand and higher supplies from producing regions, crude palm oil prices eased by 0.54% to Rs 384 per 10 kg in futures trade today.

20/11/2015 (Biofuels Digest) - In Indonesia, the national palm agency expects exports to fall by as much as 2.5 million metric tons next year as a result of levies on exports that are funding higher biodiesel blends as well as increased demand from the supplies required to achieve the B15 mandate.

20/11/2015 (Biofuel Digest) - In Thailand, Benjamas Cheirsilp of Prince of Songkla University has been recognized by the L’Oreal’s “For Women in Science” Fellowship program for her research on the “Isolation and Screening of Oleaginous Fungi for Bioconversion of Lignocellulosic Wastes from Palm Oil Mill to Biodiesel Feedstocks,” looking at ways to create renewable energy from the natural breakdown of waste.

20/11/2015 (Hindu Business Line) - The cash-strapped Railways has proposed an annual Plan outlay of Rs. 8,600 crores for 1996-97, against Rs. 7,500 crores in the current fiscal. According to sources, the Ministry plans to seek budgetary support of around 33 per cent on the annual Plan size which translates to over Rs. 2,830 crores. The proposal will shortly be forwarded to the Planning Commission, which has convened a meeting on November 30 to discuss it. Sources said emphasis in the work-plan would be on acquiring rolling stock, in view of the current shortage of wagons and locomotives.

20/11/2015 (Latin Correspondent) - International NGOs are calling for an end to environmental destruction and human rights abuses caused by the palm oil industry in Mexico and Central America.

20/11/2015 (The Star) - The World Wildlife Fund (WWF) has come out in support for the Roundtable for Sustainable Palm Oil (RSPO) to launch the voluntary add-on standard, RSPO Next.

20/11/2015 (Business Standard) - Crude palm oil prices were down by 0.41% to Rs 382.70 per 10 kg today after speculators booked profits at prevailing levels amid subdued spot demand.

19/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.