Archived News

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.

11/06/2014 (Bernama) - The Malaysian Palm Oil Board (MPOB) has warned against the purchase of stolen fresh fruit bunches (FFB) in the state, saying it would not renew licences or withdraw those of manufacturers and traders indulging in such an act.

11/06/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday.

11/06/2014 (Bloomberg) - A moderate El Nino weather pattern would reduce palm oil output by as much as 12 percent in Malaysia, the world’s second-largest producer, IOI Corp. (IOI) Chief Executive Officer Lee Yeow Chor said.

11/06/2014 (Colombia Reports) - Colombia’s palm oil producers have called on the country’s government to protect the sector’s profitability amid the rising local currency, and continuing environmental and ethical concerns surrounding the industry, national media reported on Tuesday.

11/06/2014 (Bloomberg) - Palm oil imports by India, the world’s largest buyer, probably declined in May as refiners and traders bought more soybean and sunflower oils amid forecasts for record global supplies. Futures in Kuala Lumpur fell.

11/06/2014 (Bloomberg) - World production of biodiesel is forecast to climb to a record this year, with output in Brazil rising as the country increases mandates for incorporation in transportation fuel, Oil World said.