Archived News

24/12/2013 (New Straits Times) - The United States may buy more palm oil from Malaysia, now that the Food and Drug Administration (FDA) has dropped trans fats’ “Generally Recognised as Safe” (GRAS) status.

24/12/2013 (The Star) - The Felda Group, the world’s largest oil palm plantation operator comprising 500,000ha of settler-owned land managed by the Federal Land Development Authority (Felda) and 360,000ha operated by Felda Global Ventures Holdings Bhd (FGV), remains committed to sustainable practices in its palm oil business.

24/12/2013 (Reuters) - Indian oilseeds and soyoil futures rose on Monday following gains in overseas prices and thin supplies in local spot markets, though a strong rupee capped the upside.

24/12/2013 (Hindu Business Line) - Strong global cues and rise in soyabean and soya oil futures lifted soya oil prices to on Monday, notwithstanding subdued demand in the spot market.

24/12/2013 (Business Recorder) - Following are London vegetable oil prices 1700 GMT.

24/12/2013 (AllAfrica.com) - United Kingdom-based Equatorial Palm Oil (EPO) has been accused of its involvement in the arbitrary arrest and assault of Liberian community members who claimed that they were resisting EPO's efforts to take their customary-owned land in Grand Bassa County.

23/12/2013 (New Straits Times) - Palm oil refiners, some of which are owned by the country’s largest conglomerates, may face a bleak future if Malaysia accedes to demand under free trade pacts to dismantle the crude palm oil (CPO) tax.

23/12/2013 (Borneo Post) - The US Fed had noted the tapering of stimulus during the Federal Open Market Committee (FOMC) meeting held last week. The trimming of US$10 billion on monthly bonds purchase to US$75 billion will begin in January. Dow Jones Industrial Average Index rose to record high towards the weekend after news tapering were announced as market investors reckoned recovery is in sight. However, rising dollar had triggered sell-off in gold prices while WTI Crude recovered to 99 regions after supply cut was indicated in weekly EIA report.

23/12/2013 (Hindu Business Line) - Malaysian palm oil futures on BMD ended higher Friday, with the ringgit's weakness against the dollar and likely lower output providing support, while export data signaled a minor recovery in demand. Monsoon floods in several palm-growing parts of Malaysia also fanned worries that output in Malaysia would fall steeply in December.

23/12/2013 (Borneo Post) - United Malacca Bhd’s (United Malacca) prospects remains strong, supported by higher harvesting of fresh fruit bunches (FFB) in the second half of financial year 2014 (2HFY14) and improving crude palm oil prices (CPO) which is expected to boost the sales of its palm oil products.

23/12/2013 (The Establishment Post) - The Indonesian government tried hard but failed to convince the international community at the Asia- Pacific Economic Cooperation (Apec) forum held in Bali, this year to include Crude Palm Oil (CPO) on the Apec Environmental Goods List (EG List) that will help free palm oil goods from their bad image.

23/12/2013 (Indonesia Investments) - Government May Stop Indonesia's Crude Palm Oil (CPO) Exports to EuropeThe Indonesian government is considering to stop exports of crude palm oil (CPO) to Europe from 2014 onwards as domestic CPO demand in Southeast Asia's largest economy is rising, brought on by the country's biofuel industry which is expected to grow 70 percent next year to 5 million tons.