Archived News

11/02/2014 (Hindu Business Line) - Prices of edible oils ruled firm on Monday, tracking extended gains in the futures market amid higher physical demand. Spot prices increased by ₹3 for 10 kg for palmolein, as the Malaysian palm oil February and March futures jumped by 50 and 40 ringgits/tonne, respectively. Other soft edible oils ruled steady and groundnut oil dropped by ₹10 in the local market.

11/02/2014 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

11/02/2014 (Ethical Corporation Magazine) - Greenpeace challenges palm oil producers, the e-waste problem in China and the UN climate fund finds a home, at last

11/02/2014 (The Star) - The fortunes of plantation companies hit by the weaker crude palm oil (CPO) price last year are set to improve, at least in the first quarter of this year, bouyed by the current depreciation of the ringgit, which pushed CPO to trade at its one-month high of above RM2,600 per tonne yesterday.

11/02/2014 (Borneo Post) - Deputy Chief Minister Datuk Patinggi Tan Sri Alfred Jabu yesterday condemned several developed countries for boycotting products made from oil palm grown on peat land and felled forests.

11/02/2014 (Bloomberg) - Palm oil stockpiles in Malaysia dropped to the lowest level in three months in January as output in the world’s second-biggest producer after Indonesia tumbled to a seven-month low. Futures climbed to a one-month high.

10/02/2014 (Reuters) - Malaysian palm oil futures ended near a two-week high on Friday, stretching gains into a third straight session after a jump in China's soy markets signalled stronger food and fuel demand for the tropical oil.

10/02/2014 (THISDAY Live) - The Board of Directors and management of Camela Vegetable Oil Company Limited has concluded necessary plans with all parties to float a private placement based on the successful installation of its N800 million Ultra-modern Palm Oil Refining and Fractionation Plant.

10/02/2014 (Hindu Business Line) - Edible oils prices gained further during the weekend as local refineries continued to raise the price, tracking extended gains in Malaysian palm oil futures and firm soyabean oil on the Dalian Commodities Exchange. On the Bombay Commodity Exchange, palmolein rose by ₹4 and sunflower oil by ₹5 for 10 kg respectively.

10/02/2014 (Borneo Post) - Malaysian palm oil futures ended 0.7 per cent higher for the week which stretched gains into a third straight daily session after a jump in China’s soy markets as it signalled stronger food and fuel demand for the tropical oil.

10/02/2014 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO) Smallholders Support Fund (RSSF), has to date received applications totalling more than RM3.36 million, with RM1.06 million approved and in the process of being disbursed.

10/02/2014 (Crewe Guardian) - Breakfast foods manufacturer Mornflake has become the first UK company of its kind to ensure fully sustainable palm oil is used in its products.