Archived News

04/12/2013 (Moneycontrol.com) - NCDEX, the leading commodity exchange is seeing greater traction in its recently launched Crude Palm Oil contract, with an average daily traded volume of close to 1820 MT and an OI of 6,810 MT as on December 02, 2013. The total volume in Crude Palm Oil since launch, upto December 02, 2013 is Rs. 62 crore.

04/12/2013 (Business Recorder) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

03/12/2013 (Reuters) - Malaysian palm oil futures ended lower on Monday after weaker-than-expected export demand made investors more cautious about taking risky bets, but losses were contained by hopes that rising biofuel consumption would keep prices supported.

03/12/2013 (THISDAY Live) - A nation that wants to grow must look inwards so as to harness those areas where it has comparative advantage over other nations. When this is done, then efforts would be done to develop those areas to the advantage of the nation.

03/12/2013 (Pakistan Observer) - Import of edible oil in the country including soyabean and palm, witnessed decreasing trend during first four months of current financial year as compared to same period of last year. During the period from July-October, this year, the import of soyabean oil decreased by 20.28 per cent and reached at 29,701 metric tons costing US$ 31.488 million. According the data of Pakistan Bureau of Statistics the import of soyabean was recorded at 30,596 metric tons valuing US$ 39.49 million in same period of last year. During the period under review, palm oil import decreased by 11.28 per cent and reached at 756,373 metric tons costing US$ 615.130 million which was recorded at 662,130 metric tons worth US$ 693.35 million in corresponding period of last year.

03/12/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

03/12/2013 (The Olympian) - U.S. regulators are moving to get rid of unhealthy trans fat from Americans’ diets, but critics are warning that a common replacement, palm oil, is not that much healthier and also is bad for the environment.

03/12/2013 (Nigerian Bulletin) - The Federal Government through President Goodluck Jonathan on Monday at an international conference on palm oil production reiterated its commitment to create 3.5 million jobs through the agricultural value chains of production, processing and marketing by 2015.

03/12/2013 (Bloomberg) - Palm oil fell for a third day to the lowest in a week on speculation that stockpiles in Malaysia, the world’s second-biggest producer, may rise after surveyor estimates showed that exports declined last month.

03/12/2013 (Mongabay.com) - As Wild Burma: Nature's Lost Kingdom airs on the BBC, the forests documented in the series are increasingly being cut down, according to a new report by U.S. NGO Forest Trends. The report alleges that wide swathes of forest are being cleared in ethnic minority areas of Myanmar (also known as Burma), ostensibly for palm oil and rubber plantations. However after the lucrative timber is extracted, the report finds little evidence that the companies involved are serious about establishing plantations.

03/12/2013 (Mongabay.com) - Bumitama Agri, an Indonesian palm oil producer, is breaking the law by clearing forests and developing plantations without the proper licenses, a coalition of NGOs said in a report released on Nov. 21.

03/12/2013 (Premium Times) - The Federal Government says it would supply 73 motorised harvesters at subsidised rates to farmers, to boost oil palm production in the country.