Archived News

17/07/2013 (Jakarta Post) - Indonesia has ensured its readiness to implement a preferential trade agreement (PTA) that it has long sealed with Pakistan by mid-August this year after providing special entry access for its counterpart’s key export commodity, kinnow oranges.

17/07/2013 (Reuters) - Shares of Indonesian plantation firms fell as much as 0.62 percent to 1791.65 on Wednesday on lower palm oil export volumes, underperforming the broader Jakarta Composite Index , which was up 0.58 percent.

17/07/2013 (Stuff.co.nz) - New Zealand's PKE-purchasing dairy farmers contribute over $200 million a year to companies currently committing the worst damage to the world's rainforests, Greenpeace says.

16/07/2013 (Reuters) - Malaysian palm oil futures fell to their lowest in more than two months on Monday as worries persisted over weakening demand for the edible oil.

16/07/2013 (AllAfrica.com) - Waivers granted to a few highly placed individuals by the Federal Government of Nigeria to import refined vegetable oil, Soya bean meal and related products, have put local vegetable oil and other associated manufacturers on the verge of total extinction. Already, all the oil mills in Kano, including Nigeria Oil Mills, Kano Oil Mills and PS Mandrid located in Bompai Industrial Estate, according to Financial Vanguard's investigation, have closed down with over 20,000 direct and indirect jobs lost.

16/07/2013 (Bloomberg) - Malaysia left the tax on crude palm oil exports unchanged for a sixth month in August as the world’s second-largest producer seeks to boost shipments amid falling demand. Futures dropped to a two-month low.

16/07/2013 (Bloomberg) - Palm oil inventories in Indonesia, the world’s largest producer, probably dropped in June to the lowest level in a year as domestic consumption and exports gained to meet increased demand for the Muslim month of Ramadan.

16/07/2013 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, increased for a second month in June as prices declined amid rising global cooking oil supplies.

16/07/2013 (Hindu Business Line) - Vegetable oil imports increased by 21 per cent in June to 9,47,591 tonnes against 7,83,315 tonnes during the same period a year ago.

16/07/2013 (Bloomberg) - Palm oil slumped to the lowest in more than two months as exports dropped amid speculation that a slowdown in China’s economy may damp demand from the world’s second-largest consumer after India.

16/07/2013 (FoodNavigator-USA.com) - The good news: Around 15% of global palm oil produced in the past year was certified by the Round Table on Sustainable Palm Oil (RSPO). The bad news: Only half of it earned a premium, which doesn’t sound like a great recipe for inspiring more producers to get on board.

16/07/2013 (Business Standard) - Refined palmolein prices declined in an otherwise lacklustre trade at the oils and oilseeds market here today due to lack of demand from retailers on the back of bearish Malaysian cues.