Archived News

02/09/2013 (AllAfrica.com) - In this report about the intense but latent battle for the control of the vast vegetable oil market in the country, Crusoe Osagie identifies three dominant players who are key to the nation's eventual emergence as a country self-sufficient in palm oil production.

02/09/2013 (Business Recorder) - The Karachi Port handled 143,492 tonnes of cargo comprising 125,266 tonnes of import cargo and 18,226 tonnes of export cargo including 5,794 loaded and empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 125,266 tonnes comprised 46,783 tonnes of containerised cargo; 26,655 tonnes of bulk cargo and 51,828 tonnes of oil/liquid cargo.

02/09/2013 (Business Recorder) - Indonesia will see its crude palm oil (CPO) exports to Pakistan freed from import duty starting on Sunday, as the two countries have signed a preferential treatment agreement (PTA) on bilateral trade. In exchange, Indonesia will open its main port, Tanjung Priok in North Jakarta, for Pakistan's Kinnow oranges.

02/09/2013 (IPPmedia) - The Tanzania Bureau of Standards (TBS) has lifted a ban it imposed on sale, distribution and use of OKI palm cooking oil after establishing from Zanzibar counterparts that it was safe enough and that the public can use it.

02/09/2013 (AllAfrica.com) - Reports gathered by this paper revealed that Grand Bassa County Legislative Caucus, residents of administrative district #4 and its district administration are currently at loggerheads owing to divergent opinions expressed in the operation of Equatorial Palm Oil (EPO) in the county.

02/09/2013 (Times of India) - Better fill your food basket with desi items. The falling rupee has led to a spike in the prices of imported food items which is likely to reflect in retail prices in local shops. Traders who sell imported food commodities such as palm oil, sunflower oil, almonds and pulses say the rise in prices of these items in the last two weeks have been significant. "Though the price of these imported commodities has witnessed a steady increase in the past one year, the impact of the falling rupee on prices has been significant in past two weeks," says A Prabakar, president, Coimbatore Maligai Vyabarigal Sangam.

31/08/2013 (Reuters) - Malaysian palm oil futures eased on Friday as investors booked profits from this week\'s rally that was fuelled by forecasts of dry weather in the soy-producing U.S. Midwest, although healthy demand and a still-weak ringgit stemmed the decline.

31/08/2013 (Reuters) - (The following statement was released by the rating agency. Fitch Ratings has revised Indonesia-based palm oil producer PT Sawit Mas Sejahtera (SMS) Outlook to Positive from Stable. Its National Long-Term Rating has been affirmed at 'AA (idn)'.

31/08/2013 (Bernama) - Indonesia and Malaysia, the world's top two producers of palm oil, will organise a joint seminar on the health and nutritional benefits of palm oil next year to address the anti-palm oil campaign.

31/08/2013 (IngredientsNetwork.com) - International scheme and multi-stakeholder organisation for sustainable palm oil, the RSPO (Roundtable on Sustainable Palm Oil) recently certified the world’s second largest group of independent smallholders through its group certification in Indonesia, following its announcement in late 2012 of its first community in Thailand.

31/08/2013 (The Sun Daily) - Felda Global Ventures Holdings Bhd (FGVH), the world's third largest oil palm planter by planted hectarage, sees opportunities to acquire strategic assets at reasonable valuations given the current low crude palm oil (CPO) prices.

31/08/2013 (Nigerian Tribune) - The Nigerian Institute for Oil Palm Research (NIFOR) says improved technology and investment can increase oil palm production in the country.