Archived News

13/05/2015 (The Diplomat) - Late last year, Indonesia made waves when it reduced petroleum fuel subsidies. At the end of next month, another major shift will take place as the country implements biofuel subsidies of 4,000 rp/liter (30 cents), paid for by a $50/barrel levy on crude palm oil (CPO) exports.

13/05/2015 (MindaNews) - A leading Malaysian agribusiness firm entered into an agreement with a Misamis Oriental-based agricultural company on Monday to distribute one million of high quality oil palm seeds to farmers in Bukidnon and Misamis Oriental.

13/05/2015 (Borneo Post) - Some foreign forces are found to have engaged new tactics to attack the nation’s and state’s oil palm industry in what is believed to be more of business rivalry rather than environmental issues.

13/05/2015 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

13/05/2015 (Bloomberg) - El Nino is back. Australia has declared the event for the first time since 2010 and says it will probably be “substantial.” Japan also said El Nino has emerged.

12/05/2015 (Reuters) - Malaysian palm oil futures rose on Monday on a surge in demand in the first 10 days of the month and as the ringgit weakened, but gains were capped by industry data showing stocks in the world's No.2 producer have swelled to a five-month high.

12/05/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday May 12.

12/05/2015 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives ended higher on Monday after export data showed a surge in demand in the first 10 days of the month and the ringgit weakened. But gains were capped due to higher carryover stocks and higher production.

12/05/2015 (Xinhua) - Indonesia, the world's largest producer of palm oil, has asked all palm oil plantation firms in the country to meet environmental and sustainable standard in a bid to boost competitiveness at global markets.

12/05/2015 (Business Standard) - Palmolein prices edged higher by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on pickup in demand from retailers.

12/05/2015 (Reuters) - Closely watched weather forecasts by Japan and Australia on Tuesday are likely to confirm the return of El Nino this year. In 2009, the weather pattern had caused the worst drought in four decades in India and ravaged croplands across Asia, driving food prices to multi-year highs.

11/05/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.