Archived News

18/02/2014 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

18/02/2014 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives exchange ended higher on Monday on weather concerns. Unusually dry weather in some parts of South-East Asia will have some impact on production and tighten supplies. The market also found support from Indonesia’s rising biodiesel consumption, which could further tighten supplies. Reversal from the declining export trend which has been pressuring prices over the last few quarters, has reversed lately. Exports of Malaysian palm oil products from February 1 to 15 rose 31.7 per cent to 606,190 tonnes from 460,248 tonnes shipped during January 1 to 15, cargo surveyor Intertek Testing Services said on Saturday.

18/02/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.

18/02/2014 (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.

18/02/2014 (The Star) - Sarawak-based listed plantation firms faced mild selling pressure, following reports that Wilmar International Ltd would discontinue buying crude palm oil (CPO) from some plantations in Sarawak from 2016.

18/02/2014 (EPR Retail News) - Delhaize Group today announces an updated policy on Responsible Palm Oil Sourcing that outlines our commitment to source only traceable, No-Deforestation palm oil. Building upon the work we began in 2012 to increase the transparency in the sourcing of the palm oil used in private brand products, we have updated our policy to reflect our new goals. We are working to ensure that by 2020, all the palm oil we source for our private brand products is 100% traceable and deforestation-free, and we plan to reach 80% by 2018.

18/02/2014 (Your Industry News) - 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). With the launch of these ingredients, BASF is moving towards achieving its goal of purchasing all palm and palm kernel oil from certified sustainable sources by 2015. Sustainable development is an integral part of BASF’s strategy.

18/02/2014 (Bloomberg) - Palm climbed above 2,700 ringgit ($818) for the first time in 17 months on speculation that Indonesia will use more of the oil to make biodiesel and that exports from Malaysia will extend gains.

17/02/2014 (Borneo Post) - Malaysian palm oil futures rose 3.4 per cent for the week which extended Friday’s gain into a third session as rise in global vegetable oils’ prices boosted prices ahead of eagerly anticipated export data next week. The new benchmark futures crude palm oil (FCPO) April contract settled at RM2,665 per tonne on Friday which was up by 87 points from last Friday at RM2,578. The trading range for the week was from RM2,587 to RM2,688.

17/02/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 17.

17/02/2014 (Borneo Post) - Several developed countries are blacklisting palm oil products because of smear campaigns masterminded by western vested interests against the palm oil industry.

17/02/2014 (The Star) - The Oil palm is known for many things. Cooking oils, cosmetics, oleochemicals and biodiesels are what most people will come up with, if you ask them how the crop is used after harvesting. Save for people in the industry, few are aware how much value there is in oil palm waste.