Archived News

14/01/2014 (Reuters) - India's vegetable oil imports in December climbed 13 percent to an 11-month high, data from a trade body showed, as poor local supply and fears the country would soon hike duties on overseas purchases of edible oils prompted traders to stock up.

13/01/2014 (Borneo Post) - Malaysian palm oil futures ended lower on Friday as it hit a two-month low while it stretched losses into a seventh day as it followed reports that exports had plunged in early January which elevate fears that palm oil stocks may increase.

13/01/2014 (Business Standard) - Though less, the 2.5 per cent increase in customs duty on refined edible oil (olien) is likely to reverse the import trend. Refineries might finally get to focus more on the import of crude oil instead of refined oil.

13/01/2014 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange ended lower on Friday on demand worries.

13/01/2014 (Hindu Business Line) - Prices of palmolein and soyabean recovered by Rs 100 per quintal on the wholesale oils and oilseeds market on Saturday on emergence of buying at existing lower levels.

13/01/2014 (Business Times) - In 2004, the world's palm oil industry saw the arrival of the Roundtable on Sustainable Palm Oil (RSPO).

13/01/2014 (Bangkok Post) - The International Finance Corp., the World Bank's private finance arm, said Saturday it was taking action to remedy problems in a Honduras palm oil project assailed for human rights violations.

13/01/2014 (The Star) - UOB Kay Hian Malaysia Research expects crude palm oil (CPO) to average RM2,950 per tonne in 2014 on lower inventory level, tight supply and robust demand.

13/01/2014 (Business Recorder) - India increased import duties on refined edible oils, including palm oil, to 10 percent from 7.5 percent to protect local oilseed growers and refiners against cheaper supplies from major exporters. The decision could shift demand in India, the world's leading importer of vegetable oils, to crude palm oil (CPO), benefiting Malaysian exporters as the country charges a lower duty on overseas CPO sales than rival producer Indonesia.

11/01/2014 (Reuters) - Malaysian palm oil futures ended lower on Friday, hitting a 2-month low and stretching losses into a seventh day following reports that exports had plunged in early January, spiking fears that palm oil stocks will fluctuate.

11/01/2014 (Bernama) - Sime Darby Plantation Sdn Bhd has achieved its first ever Roundtable of Sustainable Palm Oil (RSPO) certification for smallholders under its Indonesian subsidiary, PT Minamas Gemilang.

11/01/2014 (The Star) - JF Apex Research is maintaining its Overweight recommendation on the plantations sector as it expects the lower crude palm oil (CPO) supply to support CPO prices.