Archived News

03/09/2015 (Reuters) - The rate at which trees were cut down slowed globally for a third year in a row in 2014, but tree loss still covered an area twice the size of Portugal, an environmental research group said.

03/09/2015 (Coconuts Jakarta) - With the demand landscape for Indonesian palm oil set for a seismic shift from export to domestic consumption, the result of a huge new government intervention, experts are wondering how true to its mandate of bringing sustainability to the sector the policy will prove to be.

03/09/2015 (Economy Next) – Sri Lanka’s Bogawantalawa Tea Estates says it is diversifying into production of palm oil, good prices for which till recently had helped regional plantations companies compensate for losses in tea and rubber.

03/09/2015 (BBC News) - Palm oil is the world's largest source of vegetable oil and global demand has increased sharply. But prices have been falling in line with other commodities.

03/09/2015 (Biofuels Digest) - In Malaysia, Maybank Investment Bank has lowered its estimate of palm oil prices by 13% in 2015, 8% in 2016 and another 8% in 2017 due to the El Nino failing to live up to its promise of impacting oil production.

02/09/2015 ((Reuters) - Malaysian palm oil futures rose for a third day in strong trading on Tuesday after a jump in crude oil prices overnight and gains in competing vegetable oil markets, while recent data showing weaker exports and a stronger ringgit had little impact.

02/09/2015 (The Star) - Analysts have given the thumbs up to Felda Global Ventures Holdings Bhd’s (FGV) proposed disposal of its offseeds crushing and refining plant in Canada to Viterra Inc for RM608.2mil, stating that the sell-off is positive for the group since it is keen to raise funds for working capital and pay debts.

02/09/2015 (The Star) - Felda Global Ventures Holdings Bhd is believed to be mulling the possibility to revise the terms for its US$680mil agreement to buy a stake in Indonesia’s PT Eagle High Plantations, according to Bloomberg.

02/09/2015 (Business Standard) - Soyabean oil prices firmed up by Rs 50 per quintal at the wholesale oil and oilseed market today on scattered buying by retailers.

02/09/2015 (The Star) - Standard & Poor's Ratings Services revised its outlook on IOI Corp Bhd to negative from stable on concerns about the impact of the sharp fall in crude palm oil (CPO) prices on the earnings and cashflow.

02/09/2015 (BusinessDay) - Presco Nigeria Plc’s cost control measures put in place by its proactive management have paid off as half year net income increased 10.18 percent amid tough operating environment crimping the growth of companies in Africa’s largest economy.

02/09/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.