Archived News

30/09/2014 (FoodNavigator.com) - Vis said that RSPO's (Roundtable on Sustainable Palm Oil) biggest challenge was to formulate a proper strategy for global market transformation.

30/09/2014 (Sun.Star) - Despite the assurance of Mindanao’s capacity to export that undersecretary Adrian Cristobal Jr., of the Industry Development and Trade Policy of the Department of Trade and Industry, pressed during the recently concluded Mindanao Food Congress last week, some questioned the island’s competence to supply the demands.

30/09/2014 (Economic Times) - The edible oil industry, which enjoyed a bull run for the past four years, has entered a bearish phase and the biggest beneficiary of this is the Indian consumer, who for the first time in as many years would have to pay less for oils like soyabean, sunflower, palm and mustard during the festive season.

30/09/2014 (Triple Pundit) - Hershey's chocolate barThe Hershey Co. last week announced updates to its palm oil sourcing policy that provide more specific standards for growers to meet under its 2013 commitment to 100 percent sustainable and traceable palm oil. The updates fall largely in line with existing industry standards on sustainable growing practices but, with the help of a nonprofit supply chain consultant, denote an increased focus on traceability — a growing trend across the consumer products industry.

30/09/2014 (WorldPressOnline) - The European edition of the Sustainable Cosmetics Summit (www.sustainablecosmeticssummit.com/Europe/) will cover developments in green ingredients, marketing and customer behaviour. Organised by Organic Monitor, the summit will be hosted in Paris on 24-26th November 2014. For the first time in Europe, the summit will discuss ways to encourage sustainable purchases and responsible consumption of cosmetics & personal care products.

30/09/2014 (Reuters) - Indonesia has approved a plantations bill that aims to maximise land usage and open up the sector to smallholders, a government official said on Tuesday, with a controversial foreign ownership clause dropped from the final version.

30/09/2014 (Jakarta Post) - Palm oil producer BW Plantation (BWPT) says the price of its shares — set low for a rights issue — is normal and is intended to attract investors to take part in the company’s offering.

29/09/2014 (Borneo Post) - Malaysian palm oil futures were fell slightly lower on Friday to 2,177 as buyers take profit before the weekend, and before the price technically peaks.

29/09/2014 (Reuters) - Malaysian crude palm oil prices are likely to rise nearly 8 percent to 2,350 ringgit a tonne by February 2015 as a reduction in inventories and lower yields offset an expected drop in crude oil prices, a top industry analyst said on Saturday.

29/09/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.

29/09/2014 (Reuters) - Malaysia, the world's second-biggest palm oil producer, could extend duty free exports until the end of 2014 if prices of the tropical oil remain at current levels, a leading palm oil producer told Reuters in an interview.

29/09/2014 (Hindu Business Line) - India’s two key kharif oilseed crops — groundnut and soyabean — are set to see a decline in output on the back of lower acreage and the erratic progress of the south-west monsoon. While the soyabean harvest is set to fall by about 10 per cent from last kharif’s 120 lakh tonnes, the groundnut harvest runs the risk of taking a much bigger hit. The decline could be as much as 50 per cent from the previous kharif’s record 78 lakh tonnes. The country’s groundnut bowl Saurashtra has faced extended dry conditions this season.