Archived News

06/03/2015 (The Star) - Oil palm producers whose profits were affected by the 15% drop in crude palm oil (CPO) price last year, will get a short relief as the commodity is expected to climb back to RM2,500 per tonne in May from RM2,380 per tonne currently on lower production and reduced stocks outlook, said international palm oil expert Dorab Mistry.

05/03/2015 (Your Renewable News) - Over the last few years, Neste Oil has become the world's largest producer of renewable fuels from waste and residues. In 2014, the company produced nearly 1.3 million tonnes (1.6 billion liters) of renewable fuel from waste and residues. In practical terms, this is enough to power for two years all the 650 000 diesel-powered passenger cars in Finland with renewable NEXBTL diesel manufactured from waste and residues.

05/03/2015 (Reuters) - Malaysian crude palm oil prices will average 2,260 ringgit a tonne in the first half of 2015, but may drop to more than six-year lows later in the year if demand from the biodiesel sector does not pick up, leading industry analyst James Fry said.

05/03/2015 (Bernama) - Crude palm oil (CPO) is expected to trade at an average of US$770 (US$1=RM3.62) per tonne in Rotterdam this year supported by low stocks and renewed demand from India and China.

05/03/2015 (The Star) - India is expected to import more palm oil this year to counter a domestic deficit in vegetable oil stockpiles, helping offset a drop in demand for the tropical oil for blending purposes from the biofuel sector, leading industry analyst James Fry said.

05/3/2015 (Bloomberg) - Palm oil will climb in the next three months because of lower production and shrinking inventories before declining after July, according to Dorab Mistry, director at Godrej International Ltd.

05/03/2015 (The Tide) - The chairman of the Palm Oil Millers Association, of Nigeria, (POMAN), Ahoada East Chapter, Mr Nwaneri Okirigwe has thrown his weight behind plans by the Federal Government to ban palm oil importation into the country.

05/03/2015 (Philippine Information Agency) - The Department of Trade and Industry’s (DTI) 2015 Small and Medium Enterprise Roving Academy (SMERA), conducted recently at Central Mindanao University, focused on Oil Palm investment opportunities.

04/03/2015 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

04/03/2015 (Pattaya Mail) - The Ministry of Commerce's subcommittee on the management of oil palm and palm oil has asserted that no further importation of palm oil is needed to feed domestic demand.

04/03/2015 (Bernama) - Europe remains a challenging market for the palm oil industry due to various campaigns against the commodity in the region, says the Malaysian Palm Oil Council (MPOC).

04/03/2015 (Bernama) - Africa is an attractive place to undertake large-scale oil palm cultivation, said Olam International Ltd group managing director/chief executive officer, said Sunny Verghese.