Archived News

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.

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.