Archived News

26/06/2013 (Bloomberg) - Palm oil inventories are rising the most since 1999 as demand expands at the slowest pace in more than a decade, extending the year-long bear market.

26/06/2013 (FoodBev.com) - Cargill, in partnership with Malaysian-based social enterprise Wild Asia and the international non-governmental organisation Solidaridad, is launching an independent oil palm smallholder sustainability support programme in Malaysia.

26/06/2013 (MoneyControl.com) - Angel Commodities has come out with its report on agricultural commodities. According to the research firm, CPO prices may continue to decline taking cues from the weak international markets. however, a weak Rupee may restrict the downside, says the research firm.

26/06/2013 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO) has identified five of its members publicly reported to be allegedly involved in the current forest fires in Indonesia.

26/06/2013 (India Times) - The Kerala high court Tuesday gave a clean chit to chief minister Oommen Chandy in the palm oil import case, dismissing a petition filed by CPM veteran VS Achuthanandan and former bureaucrat and legislator KJ Alphonse.

26/06/2013 (The Star) - The state needs to play a more active role to counter allegations by foreign environmentalists that oil palm plantations on peat soil are destructive to the environment.

26/06/2013 (PublicServiceEurope.com) - Firms backed by European finance are banking on the continued growth of the agrofuels and food commodity markets – but decisive action is needed to prevent harm to people and the environment, say campaigners

26/06/2013 (Jakarta Globe) - The Indonesian Palm Oil Association believes that its members are not to be blamed for the string of forest fires in Sumatra’s Riau province that attracted international attention.

26/06/2013 (Bloomberg) - Palm oil advanced for the first time in four days as exports from Malaysia, the second-largest producer, rose ahead of the Muslim fasting month of Ramadan.

25/06/2013 (Reuters) - Malaysian palm oil futures fell to their lowest in almost three weeks on Monday as they tracked weaker soybean oil markets, but losses were limited by expectations of robust export data on Tuesday.

25/06/2013 (FoodNavigator.com) - A new European palm oil supply agreement should make it easier for companies to source 100% segregated palm oil across the continent, say the companies behind the deal.

25/06/2013 (Indonesia Investments) - The price of crude palm oil (CPO), which has been under downward pressure for a long time as global turmoil lingers on, started to rebound due to falling stockpiles in Indonesia and Malaysia. Reserves of the commodity fell because of weather conditions and because of an increase in demand ahead of the Islamic fasting month (Ramadhan). The price of crude palm oil is expected to hit the USD $900 per ton mark in late 2013, up from USD $828-865 per ton in May and June. This price recovery is expected to continue.