Archived News

28/09/2013 (The Guardian Nigeria) - In the 50’s and the 60’s, Nigeria used to be the leading world producer and exporter of palm oil, otherwise known as the red gold, but today is a net importer as a result of neglect of the sub-sector. In those days, palm produce contributed a lot of foreign exchange to the country and helped to finance substantially most of the development plans of the then Eastern Nigerian Government. But today the story is different.

28/09/2013 (DNA) - Groundnut oil has been found to be adulterated in the state. Over 140 samples of the stuff from different brands were found adulterated with palm oil. In the last three months, Food and Drugs Control Administration (FDCA), a state government arm, tested more than 900 samples of branded groundnut oil to check whether they were adulterated.

28/09/2013 (Jakarta Post) - Indonesia is endowed with huge resources and potential for commodity-based development. Realizing that the country has lagged behind and lost the opportunity to tap huge potentials from manufacturing, IT industry and high technology development, the country needs to look at its own capital and resources.

28/09/2013 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1600 GMT.

27/09/2013 (Reuters) - Malaysian palm oil futures fell for a third straight day on Thursday, dipping to their lowest in more than a month, as concern over surging Southeast Asian supply of the tropical oil kept investors on edge.

27/09/2013 (Bernama) - Boustead Rimba Nilai Sdn Bhd (BRNSB) has proposed to acquire two pieces of oil palm plantation land in Lahad Datu, Sabah for RM184.59 million.

27/09/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.

27/09/2013 (FoodNavigator-USA.com) - UPDATED - General Mills has unveiled a commitment to sustainably source 10 key ingredients, representing 50% of its raw material purchases, by 2020.

27/09/2013 (FoodNavigator.com) - Record palm oil stocks from Indonesia, the world’s biggest producer, could mean a price drop for the food ingredient.

27/09/2013 (CosmeticsDesign-Europe.com) - The Roundtable on Sustainable Palm Oil’s (RSPO) first EU Summit has helped industry to increase demand for sustainable palm oil according to the organisers.

27/09/2013 (Jakarta Globe) - Palm oil headed for a third weekly decline to cap the worst run since July on speculation that increasing production will boost reserves in Indonesia and Malaysia, the biggest suppliers of the most consumed cooking oil.

27/09/2013 (The Guardian) - Every summer for the past couple of decades, a thick cloud of smoke has swept through parts of south-east Asia. Originating from the Indonesian island of Sumatra, the forest fires are an annual ritual. But this year, the public outrage in Singapore reached a crescendo, fueling a heated blame game between governments and companies.