Archived News

02/11/2013 (Reuters) - Malaysian palm oil futures briefly rose to a fresh one-year high on Friday, as strong Asian demand coupled with lower production expectations supported prices.

02/11/2013 (Bloomberg) - Palm oil production in Indonesia, the world’s largest supplier, may be less than expected this year after prolonged rains disrupted harvesting and transport, according to industry groups.

02/11/2013 (Bloomberg) - Palm oil advanced, sending futures into a bull market and capping the biggest weekly gain in almost three years, on speculation that rain may have reduced production in top suppliers Indonesia and Malaysia.

02/11/2013 (Jakarta Post) - The multi-stakeholder Roundtable on Sustainable Palm Oil (RSPO) and the Indonesian Sustainable Palm Oil (ISPO) initiative of the Ministry of Agriculture have signed an agreement on strategic cooperation to eventually develop a unified certification scheme for sustainable palm oil.

02/11/2013 (Reuters) - Indian soyoil futures rose on Friday to hit their highest level in 13 months, bolstered by gains in overseas edible oil prices, a weak rupee and good demand in local spot markets due to a festival.

01/11/2013 (Reuters) - Malaysian palm oil futures matched an eight-month high from the previous session before tracking back to trade flat on Thursday, with traders consolidating recent gains against a backdrop of lower output expectations.

01/11/2013 (Hindu Business Line) - The sentiment in the edible oils market remained firm on Thursday, tracking bullish futures. Despite routine demand in the physical market, local refineries raised their rates for palmolein to Rs 600.

01/11/2013 (Daily Star) - Palm growers in the district are frustrated as the ripe fruits have remained unsold in absence of any arrangement for producing edible oil from it.

01/11/2013 (Bloomberg) - PT Astra International (ASII), Indonesia’s biggest automotive retailer, posted a 6.3 percent drop in third-quarter net income as rising car sales failed to offset declines in its heavy equipment and palm oil businesses.

01/10/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.

01/11/2013 (FoodNavigator.com) - Increasing incomes around the world have increased demand for vegetable oils in processed foods – but how sustainable are our consumption habits?

01/11/2013 (Business Standard) - Crude palm oil prices rose by 0.35% to Rs 561.50 per 10 kg in futures trade today as speculators created fresh positions on expectations of pick up in spot market demand amid firming overseas cues.