Archived News

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.

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 (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 (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 (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 (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 (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.