Archived News

20/02/2014 (Business Standard) - The edible oils witnessed a mixed trend at the oils and oilseeds wholesale market here today, as prices of groundnut oil dropped due to reduced stockists offtake as well as lower domestic demand.

20/02/2014 (Business Standard) - Select edible oil prices strengthened up to Rs 100 per quintal at the oils and oilseeds market today on the back of sustained buying by vanaspati millers amid a firming global trend.

19/02/2014 (Reuters) - Malaysian palm oil futures rose for a fifth straight session on Tuesday, touching a one-and-a-half-year high due to firmer comparative oils and expectations of rising demand, coupled with falling exports.

19/02/2014 (Proactive Investors UK) - Shares in DekelOil (LON:DKL) rose 15% after it said commercial production from its 60 tonne an hour capacity crude palm oil (CPO) extraction mill in the Ivory Coast started ahead of schedule on February 11.

19/02/2014 (Business Standard) - Besides consumer durables, cars and mobile phones, duties on which have been cut in interim Budget 2014-15, the finance minister also cut Customs duty on non-edible industrial oil and its fractions, fatty acids and fatty alcohol, to 7.5 per cent.

19/02/2014 (EIN News) - Cargill today announced that its oil palm plantation in West Kalimantan, PT Harapan Sawit Lestari, has received the Roundtable on Sustainable Palm Oil (RSPO) certification, covering all of PT Harapan Sawit Lestaris operations Manis Mata and Paku Juang mills, inti (company-owned) and KKPA (Koperasi Kredit Primer Anggota, cooperative credit scheme - smallholder) estates.

19/02/2014 (Bloomberg) - The price of coconut oil has surged relative to palm oil after a typhoon last year damaged trees in the Philippines, the top coconut oil producer, Oil World said.

19/02/2014 (Just-Food.com) - Belgian retailer Delhaize Group has announced its commitment to a "no deforestation policy" as part of a move towards sourcing fully traceable palm oil.

19/02/2014 (FoodBev.com) - BASF is one of the first suppliers to the European home and personal care industry to offer a diverse range of ingredients based on certified sustainable palm (kernel) oil, in accordance with the principles and criteria of the Roundtable on Sustainable Palm Oil (RSPO).

19/02/2014 (The Star) - Sarawak planters, reeling from Wilmar International Ltd’s decision to stop buying from them, are crying foul, contending that the decision by the latter breaches anti-competition laws.

19/02/2014 (The Star) - Wilmar International Ltd, which has been heavily criticised for deciding not to buy crude palm oil (CPO) from some Sarawak planters by end-2015, is expected to meet up with the affected parties and state government agencies early next week to shed light on the group’s new CPO sourcing policy.

18/02/2014 (Reuters) - Malaysian palm oil futures reversed earlier losses to extend gains into a fourth straight session on Monday as expectations of rising demand and of falling output and exports offset a stronger ringgit.