Archived News

18/09/2013 (Jakarta Post) - The Roundtable on Sustainable Palm Oil (RSPO), a multi-stakeholder organization that promotes sustainable practices in the palm oil industry, will convene its 11th annual meeting at the Santika Premiere Dyandra Hotel and Convention in Medan, North Sumatra, on Nov.12-14 to discuss the revised RSPO principles and criteria for the development of the commodity.

17/09/2013 (Borneo Post) - Crude Palm Oil Futures (FCPO) rose slightly higher on Friday due to buying interest surged after prices fell to its lowest in more than three weeks. However, palm oil futures still posted their worst weekly performance in more than two months after forecasts of rising production in Southeast Asia raised concerns over rising inventory levels.

17/09/2013 (Borneo Post) - The Dow Jones and global stocks firmed sentiments last week as war threats in Syria toned down. Syria agreed to submit its chemical weapons to the United Nations’ (UN) inspectors as proposed by Russia during a meeting with US President Barrack Obama.

17/09/2013 (Bloomberg) - Palm oil stockpiles in Indonesia, the top producer, probably fell in August to the lowest in 14 months as output had the second-biggest slump this year because of holidays, more than compensating for a drop in sales.

17/09/2013 (Hindu Business Line) - Once again, palm oil prices are finding support.

17/09/2013 (Hindu Business Line) - Edible oil prices ruled steady on Monday in the absence of cues from the Malaysian palm oil market, strengthening of the rupee and a weak Chicago soya market.

17/09/2013 (Economic Times) - RBI Governor Raghuram Rajan's initiative to tame rupee has brought some good news for homemakers. Strengthening of rupee over the last week has effectively checked a hike in edible oil prices post Ganpati festival. A drop in oil prices in the international market has also favoured Indian consumers who are otherwise burdened with rising food and vegetable prices. International prices of crude palm oil, soyoil and sunflower oil have slipped by $35 to $50 per tonne in past 10 days.

17/09/2013 (FoodNavigator-USA.com) - Amid increased environmental concerns over palm oil production, Sensient Colors has developed palm-free natural colors to expand on its existing natural colors portfolio.

17/09/2013 (Reuters) - Exports of Malaysian palm oil products from Sept. 1 to 15 rose 13.6 percent to 732,412 tonnes from 644,589 tonnes shipped during Aug. 1 to 15, cargo surveyor Intertek Testing Services said on Tuesday.

17/09/2013 (Jakarta Post) - The Agency for the Assessment and Application of Technology (BPPT) has urged the government to maximize the production of biodiesel by increasing the export tax on crude palm oil (CPO) and opening oil palm plantations to exclusively produce biodiesel.

17/09/2013 (Jakarta Globe) -The country’s leading business lobby initiated a financing scheme for 1 million independent palm oil planters to boost productivity, according to Antara news.

17/09/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1600 GMT.