Archived News

25/07/2014 (Reuters) - Indonesia set the export tax for cocoa beans at 10 percent for August, unchanged from the previous month, the trade ministry said on its website on Thursday.

25/07/2014 (Natural Products INSIDER) - Evonik Industries will soon offer customers products that have been certified in accordance with the standard Roundtable on Sustainable Palm Oil (RSPO), such as emulsifiers and consistency enhancers used in creams and lotions.

25/07/2014 (Reuters) - PT Astra Agro Lestari, the plantation unit of PT Astra International, acquired a 100 percent stake in East Kalimantan-based oil palm plantation firm PT Palma Plantasindo, worth 309 billion rupiah ($26.88 million), on July 15, the company said.

25/07/2014 (MarketWatch) - Separating sustainable sources from non-sustainable sources in the production of palm oil and palm kernel oil is highly complicated, but Procter & Gamble PG +3.01% is stepping up to address the problem. The Company is conducting an in-field study to understand the practices of small farmers – and how those practices can be improved to protect local forests. P&G is partnering with the Malaysia Institute for Supply Chain Innovation (MISI) to field the study, fulfilling a commitment it made earlier this year as part of new goals to achieve zero deforestation in the palm oil supply chain.

24/07/2014 (Reuters) - Malaysian palm oil futures slid to their lowest in more than 11 months on Wednesday, dragged by fears of abundant global oilseed supplies, and as estimates for an uptick in palm oil output this month turned investors wary.

24/07/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

24/07/2014 (Reuters) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

24/07/2014 (Hindu Business Line) - Sentiments in the edible oils market turned weak on Wednesday tracking bearish futures markets amid slack physical demand. On the Bombay Commodity Exchange, prices were mixed with imported palmolein, soyabean and sunflower oil ruling steady. Lower arrivals of seeds and expectation of a one-month delay in new arrivals kept groundnut, cotton and rapeseed oils firm with gain of ₹10, ₹2 and ₹1 each for 10 kg. A Mumbai-based broker told BusinessLinei that “activities in the physical market remained thin for the third consecutive day. With the monsoon progressing fast in the western part of the country, hopes for the ongoing kharif sowing have brightened. From August, festival demand for edible oils and other commodities will rise and thus will support the sentiment. The current tight supply situation is expected to ease as over 1.50-1.75 lakh tonnes of soya oil and palm oil shipments are expected to arrive soon.”

24/07/2014 (Reuters) - Indian oilseeds futures closed weaker on Wednesday as rains picked up in some parts of the country and on subdued exports of soymeal.

24/07/2014 (The Star) - The Republic of Guinea is looking up to Malaysia’s expertise in the palm oil sector to boost the two nations’ bilateral trade ties, which was valued at US$45mil (RM143.1mil) last year, and the African republic recently chose to work with K Global Ventures Sdn Bhd (KGV) to start the ball rolling.

24/07/2014 (AgriMoney.com) - Here's a cheery adage to start the day.

24/07/2014 (Business Standard) - Prices of palmolein and soyabean oils rose by Rs 50 per quintal at the wholesale oils and oilseeds market today following scattered demand from retailers.