Archived News

30/07/2013 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

30/07/2013 (Bloomberg) - Palm oil traded near the lowest level in almost four years on forecasts for record global supplies of cooking oils.

30/07/2013 (Economic Times) - Nearly 25 crude palm oil refining units are facing the threat of closure because their refining business has come down sharply following the government\'s decision to impose a lower import duty on crude palm oil. The duty differential between imported crude palm oil and refined palm oil has now fallen to 5% from the earlier 7.5%.

30/07/2013 (Reuters) - Bahana Securities cut its rating on the plantation sector to "underweight from "neutral", citing continued negative developments within the industry.

29/07/2013 (Borneo Post) - Crude Palm Oil Futures (FCPO) on Bursa Malaysia Derivatives fell below the psychological level of 2,200 which also broke the consolidation range since October 2012.

29/07/2013 (Borneo Post) - The China PMI manufacturing shows decline for fourth consecutive month in June at 47.7 reading.

29/07/2013 (Jakarta Post) - Singapore-listed palm oil company Wilmar is expecting to build a new cooking oil refinery worth between US$25 million and $30 million in East Kalimantan by the end of this year.

29/07/2013 (The Star) - French Prime Minister Jean-Marc Ayrault has rejected allegations that his government is hostile to palm oil.

29/07/2013 (The Star) - French Prime Minister Jean-Marc Ayrault arrives for an official two-day visit to Malaysia today – the first by a French premier in 31 years. In an email interview with The Star, Ayrault gives his assessment on the state of bilateral relations and how it can be further developed. Ayrault also addresses the palm oil issue, a hot topic in Malaysia.

29/07/2013 (Bernama) - The French Government will not discriminate palm oil products from other vegetable oils, French Prime Minister Jean-Marc Ayrault said Monday.

29/07/2013 (Hindu Business Line) - The edible oil industry has urged the Government to bail it out from the crisis triggered by an unfavourable import duty structure in India and exporting countries.

27/07/2013 (IngredientsNetwork.com) - IOI Loders Croklaan has announced that it has reached a major milestone in the importation of RSPO certified palm oil. Between August 2011 and July 2013, the company has imported and marketed more than 500,000 tons of sustainable palm oil products in the European Union.