Archived News

11/11/2013 (Business Standard) - A record acreage in Maharashtra and Madhya Pradesh had led to a build-up in expectations of a higher soybean crop after the sowing process. However, due to very heavy rains during the pod filling stage in Madhya Pradesh and some parts of Vidarbha (Maharashtra), a larger than expected damage was caused to the soybean crop. On account of this, we have seen a sharp drop in production, as well as quality issues in the new crop of soybean. Crushers from Madhya Pradesh are these days seeking Maharashtra’s crop due to quality issues.

11/11/2013 (Daily News & Analysis) - The state government wants the Centre to review its decision to ban the sale of palm oil through the public distribution system.

09/11/2013 (Reuters) - Malaysian palm oil futures slipped to a near two-week low on Friday as a bout of technical selling pressured prices, but the market was rangebound ahead of a key industry report on production and stocks in the world's No.2 producer.

09/11/2013 (Jakarta Globe) - Sawit Sumbermas Sarana, a unit of plantation company Citra Borneo Indah, expects to raise up to Rp 1.45 trillion ($127 million) through a December initial public offering.

09/11/2013 (Reuters) - Malaysia's third-largest listed plantation company, Kuala Lumpur Kepong Bhd, said it had agreed to a $21.3 million cash acquisition to gain a foothold in the palm oil sector in Liberia.

09/11/2013 (Bloomberg) - Palm oil posted the biggest weekly drop in more than eight months before a report from Malaysia expected to show that stockpiles gained even as production declined last month.

09/11/2013 (Reuters) - The U.S. Food and Drug Administration on Thursday proposed banning artificial trans fats in processed food ranging from cookies to frozen pizza, citing the risk of heart disease.

09/11/2013 (Responding to Climate Change) - HSBC is financing the destruction of forests crucial to the survival of endangered species and the fight against climate change, says new research.

09/11/2013 (Biodiesel Magazine) - Malaysian palm oil refiner Mewah International Inc. announced it has agreed to purchase biodiesel assets from Gomedic Sdn. Bhd for $13 million. The assets include 25,055 square meters of land, with a lease expiring in 2109, and a 30 MMgy biodiesel production facility.

09/11/2013 (Jakarta Post) - After a two-month-long investigation, environmental NGO the Hutan Rakyat Institute, says it has found that a “colonial labor system” that violates workers’ rights is being practiced on oil palm estates certified by the Roundtable on Sustainable Palm Oil (RSPO).

09/11/2013 (Bloomberg) - Palm oil was little changed as investors weighed speculation that production in Malaysia was lower-than-expected last month, against concern the rally into a bull market will hurt demand.

09/11/2013 (China Post) - Forests are still disappearing and local communities disregarded by palm oil development despite a plan to put the sector on a sustainable footing, researchers warned as an industry gathering kicked off Thursday.