Archived News

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.

11/01/2014 (Bloomberg) - Palm oil declined to a two-month low after data showed that reserves in Malaysia, the world’s second-largest producer, climbed to the highest level in nine months while exports fell.

11/01/2014 (Jakarta Post) - An industry group in Indonesia, the world’s top palm oil producer, has demanded the government lower its palm oil export tax to maintain a competitive export edge over India, its biggest buyer.

11/01/2014 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1700 GMT.

11/01/2014 (AllAfrica.com) - A project to re-launch the planting of palm tree fruit, in an area of 7.500 hectares of arable lands will be executed in the municipalities of Amboim and Kilenda, coastal Kwanza Sul province, aiming for the production of palm oil.

11/01/2014 (DailyPost Nigeria) - Theodore Orji of Abia on Thursday said that the resuscitation of the oil palm industry in the country would boost the nation’s economy.

11/01/2014 (Borneo Post) - Quasi-timber plantation companies are set to leverage more on its plantations divisions, driven by positive growth in fresh fruit bunch (FFB) production coupled with the improvements in crude palm oil (CPO) in 2014.