Archived News

05/09/2013 (Bernama) - Pakistan, a very large consumer of vegetable oils and fats, remains a very large market for palm oil, thus making it an important export destination for the golden crop.

05/09/2013 (The Conversation) - The cultivation of palm oil continues to expand rapidly in the humid tropics, as does the equally heated debate about the crop’s environmental and social impact.

05/09/2013 (FoodNavigator.com) - Food companies that only use certified sustainable palm oil have been accused of “certifying destruction”, according to a Greenpeace report released to coincide with the first European Roundtable on Sustainable Palm Oil (RSPO) summit in Berlin this week.

05/09/2013 (Thanh Nien Daily) - With the government’s announcement of new tariffs on imported vegetable oil, Vietnamese firms will finally benefit from legislation designed to protect them against foreign competitors.

04/09/2013 (Reuters) - Malaysian palm oil futures fell on Tuesday as a stronger ringgit lowered the tropical oil's appeal for overseas buyers, although a firm soy market capped the losses.

04/09/2013 (Bernama) - International environment conservancy organisation Greenpeace has revealed palm oil producers operating in Indonesia grouped in Roundtable on Sustainable Palm Oil (RSPO) were apparently the main driver of deforestation in the country between 2009 to 2011.

04/09/2013 (Bloomberg) - Global biodiesel production will advance to 24.7 million metric tons in 2013 as producers direct more soybean oil, the leading feedstock used for it, toward the fuel amid declining vegetable oil prices, Oil World said.

04/09/2013 (Bernama) - Malaysia will introduce the Malaysian Sustainable Palm Oil (MSPO) as the National Standard from next year, Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas said Tuesday.

04/09/2013 (Hindu Business Line) - Edible oils witnessed a bullish trend on Tuesday following a sharp drop (more than Rs 2) in the rupee making imports costly. Local refineries have increased their rates by Rs 10 for 10 kg while in resale prices jumped by Rs 15-17 in mid-session. Increase in the tariff value of edible oils for import also fuelled the fire.

04/09/2013 (Bloomberg) - Palm oil fell for the third time in four days as the Malaysian currency strengthened, lowering the appeal of ringgit-denominated futures, and a decline in crude oil prices dimmed prospects of the vegetable oil as biofuel.

04/09/2013 (Mongabay.com) - Conversion of forests for palm oil production now appears to be the single largest driver of deforestation in Indonesia, accounting for roughly a quarter of forest loss between 2009 and 2011, asserts a new Greenpeace report that accuses the sector\'s main certification standard of failing to stop forest destruction.

03/09/2013 (Reuters) - Malaysian palm oil futures inched up on Monday on expectations that healthy exports will persist into September, fuelling hopes that end-stocks in the world's No.2 producer will not spike for now.