Archived News

23/12/2014 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

23/12/2014 (Jakarta Post) - Trade Minister Rachmat Gobel has challenged Indonesian trade attachés and representatives worldwide to work hard and help boost the country’s exports, otherwise they could lose their jobs.

23/12/2014 (FoodNavigator.com) - A new oil palm cultivation model published by Australian researchers could help maximise yields while reducing environmental impacts.

23/12/2014 (Nouse) - Palm oil is derived from palm fruit grown on oil palm trees, and is in over half of all supermarket products, especially in pre-packaged or baked goods like cookies, chocolates, air fresheners, and many Christmas puddings.

23/12/2014 (Borneo Post) - Downward pressure on crude palm oil (CPO) prices are continuously coming in the form of plunging crude oil prices, but this is mutually mitigated by the weakening ringgit and the government’s biodiesel mandates.

23/12/2014 (Bernama) - The fall in the share prices of Felda Global Ventures Holdings Bhd (FGV) by almost half from its offer price is due to the global decline in the prices of palm oil.

22/12/2014 (Borneo Post) - Malaysian palm oil futures stayed within a tight range, climbing marginally, on Friday to 2,153, due to weakening oil prices being countered by expectations of wet weather which could lower output.

22/12/2014 (News Strait Times) - The spreading of “No Palm Oil” or “Palm Oil Free” campaign, first in Europe and now in Singapore, is potentially damaging for Malaysia, said National Association of Smallholders (Nash) of Malaysia.

22/12/2014 (Bloomberg) - Palm oil exports from Malaysia, the world’s largest producer after Indonesia, will remain duty-free for a sixth month as the government seeks to boost shipments and reduce inventories to support prices.

22/12/2014 (AllAfrica.com) - The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), weekend, called on the Federal Government to reconsider the ECOWAS CET document and revise the tariff on other palm oil products in line with others whose tariff are clearly stated.

22/12/2014 (Reuters) - The Finnish oil refiner Neste Oil has lifted its full-year profit guidance by about 37.5 percent on the back of a reinstatement of the renewable fuel tax credit in the United States, favourable business performance and a one-off gain.

22/12/2014 (Jakarta Post) - With increasing global demand for socially and environmentally responsible palm oil, Europe has raised the bar again for the industry in Indonesia by introducing a new sustainable standard, activists for the Roundtable for Sustainable Palm Oil (RSPO) standard revealed.