Archived News
17-02-2014
Food Giants Kellogg, Delhaize Pledge to Make Palm Oil Supplies Greener
17/02/2014 (Reuters) - Kellogg, the multinational food company, has pledged to work with suppliers to make sure the palm oil it uses in its products comes from plantations that uphold its commitment to protect forests and peatlands, as well as people's rights.
17-02-2014
Export Tax on Crude Palm Oil Hits Vegoils Import
17/02/2014 (Hindu Business Line) - Import of vegetable oil slipped 22 per cent in January to 9,05,814 tonnes against 11,57,130 tonnes due to the inverted duty structure followed by exporting countries.
15-02-2014
VEGOILS-Palm Oil Hits 9-wk High, Buoyed by Rival Vegetable Oils
15/02/2014 (Reuters) - Malaysian palm oil futures rose to their highest level in nine weeks on Friday, extending gains into a third session as a climb in rival vegetable oils boosted prices ahead of eagerly anticipated export data.
15-02-2014
Palm Set for Biggest Weekly Gain Since November as Supply Drops
15/02/2014 (Bloomberg) - Palm oil headed for the biggest weekly gain in three months on concern that falling output in Indonesia and Malaysia will trim global inventories of the commodity used in everything from noodles to detergents.
15-02-2014
Palm Reserves in Indonesia Seen at 19-Month Low; Prices Rise
15/02/2014 (Bloomberg) - Palm oil inventories in Indonesia, the biggest supplier, probably decreased in January to the lowest since June 2012 as production fell for a second month. Futures advanced to the highest since Dec. 9.
15-02-2014
India's January Palm Oil Imports Down 35.7 Pct M/M-Trade
15/02/2014 (Reuters) - India's palm oil imports fell to 555,446 tonnes in January from 863,205 tonnes in the previous month, data from the Solvent Extractors' Association of India (SEA) showed on Friday.
15-02-2014
UPDATE 1-India's Palm Oil Imports Fall to Lowest in 5 Months
15/02/2014 (Reuters) - India's palm oil imports in January fell to their lowest since September, data from the Solvent Extractors' Association of India (SEA) showed on Friday, largely due to a seasonal drop in demand for the tropical oil that solidifies in winter.
15-02-2014
Bullish Futures Heat up Edible Oils Market
15/02/2014 (Hindu Business Line) - Edible oil prices rose sharply on Friday tracking bullish futures markets. On the Bombay Commodity Exchange, baring groundnut oil all other edible oils rose by ₹5-13 for 10 kg. Imported soya oil increased by ₹13 and palmolein by ₹9 respectively.
15-02-2014
Rs 150 Billion ST Relief on Crude, Edible Oil Imports: SRO Withdrawal Plan No Great Help
15/02/2014 (Business Recorder) - The withdrawal of two major Statutory Regulatory Orders (SROs) granting sales tax exemption on the import of crude oil and edible oil to the tune of Rs 150 billion per annum would not contribute to improving the revenue collection. Sources told Business Recorder on Friday that a SRO of the FBR has granted sales tax zero-rating on the import of crude oil having revenue impact of Rs 90 billion per annum.
15-02-2014
Standing Firm Against Palm Oil Boycott Threat
15/02/2014 (Borneo Post) - Wilmar International Ltd (Wilmar), the biggest single buyer of crude palm oil (CPO) produced in the state has given a notice that it will stop buying oil produced from palms planted in areas of ‘high carbon stock’ and peat swamp after 2015.
15-02-2014
Rotterdam Vegetable Oil Prices
15/02/2014 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1700 GMT.
14-02-2014
Eminent Palm Oil Researcher Pushing Frontiers at 80
14/02/2014 (The Star) - Academician Tan Sri Emeritus Professor Dr Augustine Ong Soon Hock is proof that it’s never too late to expand the mind and discover new things. At 80, the country’s palm oil research pioneer continues to challenge himself to improve the chemistry and technology of palm oil and promote the palm oil industry.