Archived News

23/04/2015 (Jakarta Post) - Soybean oil and palm oil are naturally interchangeable goods, translating to strong correlation in prices between the two commodities. Due to the abundance of global soybean oil, it is currently trading at its lowest price in five years, resulting in a narrowing of the crude palm oil (CPO) discount to soybean price (table 1). Factoring in these conditions, we maintain our bearish view on CPO prices in 2015.

23/04/2015 (Jakarta Post) - While leaders of more than 100 countries from Asia and Africa gathered in Jakarta on Wednesday to boost cooperation, trade and investments among their countries, trade between Indonesia and African countries declined sharply in the first two months of this year, the latest data from the Central Statistics Agency (BPS) showed.

23/04/2015 (Bernama) - The state government is committed to develop 380,000 hectares of land with high yielding rubber and 85,000 hectares with oil palm statewide by 2023, the state legislative assembly sitting here was told today.

23/04/2015 (The Guardian Nigeria) - In a bid to further boost oil palm production in the country, Presco Oil Palm Plc has unveiled plans to expand its production capacity by building a new refinery.

23/04/2015 (Reuters) - Global fast food giant McDonald's Corp has pledged to end deforestation caused by production of commodities in its supply chain, focusing on beef, coffee, palm oil, poultry and packaging.

22/04/2015 (Reuters) - Malaysian palm oil futures rose in tight trade on Monday, lifted by robust overseas sales of the tropical oil, although a firm ringgit and bearish outlook on technicals put a lid on gains.

22/04/2015 (GhanaWeb) - The Oil Palm Development Association of Ghana (OPDAG) has repositioned itself in its quest to ensure that Ghana moves from being a net importer of palm oil to a net exporter of the commodity in the next five to 10 years.

22/04/2015 (The Nation) - On-going backward integration plan for palm oil embarked upon by PZ Wilmar Nigeria Limited, a palm oil processing, packaging and distribution company, will help Nigeria save foreign exchange by eliminating imports to the value of $300 million per year now being spent on palm oil import, its Managing Director, Mr. Santosh Pillai, has said.

22/04/2015 (Jakarta Post) - Indonesia has conveyed its commitment to offer assistance to least-developed African and Asian countries to help them attain higher economic development.

22/04/2015 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

22/04/2015 (Hindu Business Line) - The prospects of extracting bio-diesel from the oil palm sludge will be explored at the proposed new oil palm factory at Apparaopeta in Dammapeta mandal, said Minister for Roads & Buildings T. Nageswara Rao.

22/04/2015 (Ukrainian Biofuel Portal) - The scientists claim that this policy can cause a considerable deforestation.