Archived News

12/06/2014 (Jakarta Post) - Palm oil firm BW Plantation (BWPT) said on Tuesday it needed to increase its palm oil processing capacity from 230 to 350 tons per hour, prompting the company to build three more facilities before 2020.

12/06/2014 (Hindu Business Line) - Imported palmolein and soya oil were under pressure towards the end of trade on Wednesday on fears that the USDA could come up with a bearish data later in the day. On Bombay Commodity Exchange palmolein dropped by ₹2 for 10 kg and groundnut oil erased previous day’s gain of ₹10. Soya and sunflower oil ruled steady. Cotton and rapeseed oil increased by ₹9 and ₹8 each.

12/06/2014 (Borneo Post) - Palm oil inventory is expected to increase by five per cent to 1.93 million metric tonnes, while demand has been viewed as sustainable, driven by positive indicators in the food sector.

12/06/2014 (Jakarta Post) - Oil palm growers operating in Indonesia may pay less for sustainability certification as the government is proposing to merge its standard with one from the multi-stakeholder forum Roundtable on Sustainable Palm Oil (RSPO).

12/06/2014 (The Punch) - Shareholders of Okomu Oil Palm Company Plc on Wednesday approved the proposal of the management for the expansion of its current oil mill from 30 tonnes per hour to 60 tonnes per hour.

12/06/2014 (Business Recorder) - The Karachi Port handled 85,810 tonnes of cargo comprising 43,757 tonnes of import cargo and 42,053 tonnes of export cargo including c loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 43,757 tonnes comprised of 42,848 tonnes of containerised cargo; 909 tonnes of general cargo.

12/06/2014 (MarketWatch) - Speaking at the RSPO European roundtable in London, Dr. Bayu Krisnamurthi, Indonesian Vice Minister of Trade, stated the Indonesian government's intention to work together with RSPO towards a joint sustainable palm oil standard, which would scale up production of certified sustainable palm oil in Indonesia.

12/06/2014 (Bloomberg) - Malaysia Airports Holdings Bhd. (MAHB) plans to convert some oil-palm plantations surrounding Kuala Lumpur’s main air terminal into attractions such as theme parks, concert halls and golf courses to lure businesses and visitors.

12/06/2014 (The Star) - Halal products, with exports totalling RM32.8bil last year, made up 4.56% of the country’s total exports of RM719.8bil.

11/06/2014 (Jakarta Post) - Agriculture firm PT Bakrie Sumatera Plantations (UNSP) is confident it can maintain its financial performance in the first quarter of this year particularly by focusing on its existing assets optimization.

11/06/2014 (Reuters) - Malaysian palm oil futures slipped to a one-week low on Tuesday after an industry report showed stocks in the world's second-largest producer hit a four-month high at the end of May, with sluggish demand adding pressure to prices.

11/06/2014 (Bernama) - Palm oil stocks increased 4.2 per cent to 1.84 million tonnes in May 2014 from 1.77 million tonnes in April, the Malaysian Palm Oil Board (MPOB) said.