Archived News

14/06/2013 (Strategic Sourceror) - Palm oil is used in a variety of consumer products from food to cosmetics, and many feel it should only be used if it was sustainably sourced. Choice, an Australian consumer group, said items containing palm oil should be specifically labeled, according to Food Magazine.

14/06/2013 (Hindu Business Line) - Volatile currency market and lower Malaysian palm oil closing arrested bullish sentiments in edible oils market on Thursday.

14/06/2013 (Reuters) - India\'s refined palm oil imports hit a record high in May by jumping 47.5 percent from April, a leading trade body said, pushing total purchases of the tropical oil up for the first time since January on lower prices and tight domestic supplies.

14/06/2013 (Reuters) - Ivory Coast natural palm oil producer Palmci's first quarter net profit plunged 35 percent year-on-year due to low palm oil prices, the company said on Thursday.

14/06/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.

14/06/2013 (Hindu Business Line) - Imports of refined palmolein hit a record 373,837 tonnes in May compared to the previous high of 253,489 tonnes recorded in March.

14/06/2013 (Business Standard) - In May, the proportion of refined oil to India's vegetable oil imports rose to a staggering 42 per cent, compared with just 16 per cent in March, according to data compiled by the Solvent Extractors' Association (SEA). Experts attribute the change to the narrowing duty differential between crude and refined oil, as well as the inverse tax structure in exporting countries.

14/05/2013 (Jakarta Post) - The visit by the Environmental Protection Agency (EPA) to assess crude palm oil quality may have a positive outcome and could eventually boost exports to the US.

13/06/2013 (Reuters) - Malaysian palm oil futures edged down on Wednesday, as traders eyed a U.S. agriculture report expected to show rising global supplies of grain, but prices were supported around two-month highs by a demand uptick and smaller stockpiles.

13/06/2013 (Bloomberg) - Sifca Group, the Ivory Coast company that produces rubber and sugar, will increase palm oil production by 33 percent in the next four years, Chief Executive Officer Bertrand Vignes said.

13/06/2013 (Agrimoney.com) - Rabobank and Standard Chartered voiced cautious support for palm oil prices hanging on to recent gains despite clashing over prospects for imports by China, a major buyer, whose purchases have proved unexpectedly firm so far in 2013.

13/06/2013 (Bernama) - Syarikat Teck Guan Group has started a pilot project to produce lignocellulosic bio-ethanol from oil palm biomass.