Archived News

21/11/2013 (Independent European Daily Express) - Thousands of small farming families in Pará, in the Amazon jungle in northeast Brazil, have turned to the African oil palm as a new source of income, through contracts with biofuel companies. Strange bedfellows, which poses cultural and economic challenges.

21/11/2013 (Business Recorder) - The Economic Co-ordination Committee (ECC) of the Cabinet will Thursday decide fixation of quantity and consumption time of inputs, including palm oil used in the production of ghee to be exported to Afghanistan under the Duty and Tax Remission for Export (DTRE) scheme.

20/11/2013 (Reuters) - Malaysian palm oil futures edged down to their lowest in a week on Tuesday as investors chose to avoid risky bets ahead of industry reports on export demand at the world's second-largest producer.

20/11/2013 (Bloomberg) - Global production of sunflower seeds may be larger than estimated a month ago and rapeseed output will reach a high as prospects improved for crops from Canada to Russia, Oil World said. Palm oil supplies will also climb.

20/11/2013 (Business Recorder) - The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

20/11/2013 (Business Standard) - As the Centre mulls a proposal to increase the import duty on refined edible oil from the current 7.5 per cent to 10 per cent to protect the domestic industry, the ministry of agriculture has favoured a graded import duty structure to align landed cost – the end cost of a shipped item – with international prices.

20/11/2013 (The Star) - Plantation stocks, led by IOI Corp Bhd and Kuala Lumpur Kepong Bhd surged, boosted by improving price outlook after the Government said crude palm oil (CPO) production this year will miss its own forecast by 1.1 million tonnes at 18.3 million tonnes.

20/11/2013 (Mongabay.com) - A group of environmental activists, conservation groups, and palm oil producers officially announced a new initiative that aims to showcase best practices in the palm oil industry, demonstrating that palm oil can be produced without social conflict, conversion of peatlands, or destruction of wildlife-rich forests.

20/11/2013 (One Green Planet) - As of late, it seems more bad news breaks everyday about the ever questionable palm oil industry. From deforestation to endangering species and stomping on human rights, the industry sure really needs an overhaul! The evolution of the palm oil industry may have taken a step in the right direction as the Palm Oil Innovations Group (POIG), along with conservation groups and environmental activists, look to support the Roundtable on Sustainable Palm Oil (RSPO) in producing and implementing higher standards of environmental responsibility, partnerships with communities and corporate, as well as product integrity in a new Palm Oil Innovations Group Charter.

20/11/2013 (The Star) - TSH Resources Bhd’s net profit surged 409% to RM83.27mil in the third quarter ended Sept 30, 2013 from RM16.34mil a year ago, boosted by higher crop production and gain on sale of its stake in Pontian United Plantation Bhd.

20/11/2013 (India Blooms News Service) - Environmental organization Greenpeace International on Monday revealed a selection of companies, including Procter & Gamble and Reckitt Benckiser, whose sourcing policies expose consumers to forest destruction.

20/11/2013 (Foodmanufacture.co.uk) - It’s all about the melting point. Palm oil remains solid at room temperature, which makes it suitable for products that require a certain spreadability or melting behaviour. It’s also heavily saturated, so it lends itself to a good creamy texture and has a good shelf-life.