Archived News

27/04/2013 (Hindu Business Line) - Despite a steady price trend, sentiment in edible oils remained positive on Thursday on active volume tracking firm Malaysian palm oil futures.

27/04/2013 (The Star) - The move by the Roundtable on Sustainable Palm Oil (RSPO) grouping to revise its Principles and Criteria (P&C) 2013 to include the greenhouse gas (GHG) emissions criterion for the production of certified sustainable palm oil (CSPO) is putting many domestic oil palm plantations/growers who are members of the RSPO in a dilemma.

27/04/2013 (WWF International) - WWF has welcomed revised standards for sustainable palm oil that were endorsed by the Roundtable for Sustainable Palm Oil (RSPO) at its extra-ordinary General Assembly this morning in Kuala Lumpur.

27/04/2013 (Mongabay.com) - An independent investigation has shown that First Resources Ltd, a palm oil plantation company and member of the Roundtable on Sustainable Palm Oil (RSPO), failed to obtain proper consent from local communities before clearing rainforests for plantations in Indonesian Borneo, an Indonesian indigenous rights group reported last week.

27/04/2013 (The Star) - Interest in oil palm cultivation in Malaysia remains strong despite issues of land scarcity and limited human capital.

27/04/2013 (Hindu Business Line) - Edible oil prices ruled firm on Friday. Imported palmolein and soyabean oil rose by Rs 2 and Rs 10 each tracking firm foreign market and decline in soyabean arrivals in Madhya Pradesh.

26/04/2013 (Reuters) - Malaysian palm oil futures rose to a near two-week high on Thursday as better-than-expected exports lured investors back to the futures market, although lingering fears of a potential stock buildup capped gains.

26/04/2013 (Bernama) - The ringgit closed higher against the US dollar in the late session today, benefiting from the rebound in crude palm oil (CPO) prices, dealers said.

26/04/2013 (The Star) - As expected, the oil palm grower members of the Roundtable on Sustainable Palm Oil (RSPO) have failed in their attempt to block the adoption of the newly revised RSPO principles and criteria (P&C) for the production of certified sustainable palm oil (CSPO) at the grouping's extraordinary general assembly (EGA) here yesterday.

26/04/2013 (Bloomberg) - Palm oil advanced for a third day to the highest level in almost two weeks on speculation that rising exports from Malaysia may help pare stockpiles in the world’s largest producer after Indonesia.

26/04/2013 (MarketWatch.com) - Liberia's President, Her Excellency Ellen Johnson Sirleaf today visited oil palm farms in Sinoe County. Travelling with members of the press, President Johnson Sirleaf made visits to Golden Veroleum Liberia's (GVL) oil palm development sites in Butaw and Numapoh Kpanyan, where, in the last two years, GVL has created over 2,700 new jobs.

26/04/2013 (Jakarta Globe) - Astra Agro Lestari, the palm oil plantation unit of Astra International, plans to revamp its plantation area and construct palm oil processing plants through a $200 million loan.