Archived News

23/04/2013 (Hindu Business Line) - Edible oils prices ruled weak on Monday tracking bearish futures markets. Mumbai traders observed an one-day token bandh in support of call given by trade association call against the Local Body Tax. Malaysian palm oil futures extended last week’s loss further on Monday, hitting a four-month low, as volatility in commodities markets overall and losses in soyabean weighed.

23/04/2013 (Business Recorder) - The European vegetable oils market continued to ease on Monday following improved weather in the US coupled with slack demand which pressured the CBOT soycomplex.

23/04/2013 (The Star) - Shares of plantation stocks fell in early trade on Tuesday after the weaker crude palm oil (CPO) prices dampened investors' sentiment.

23/04/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1600 GMT.

23/04/2013 (Jakarta Post) - When asked how far he wanted his business group to grow, Theodore Permadi Rachmat, 69, said that for his companies, there were no limits to growth.

23/04/2013 (Business Times) - The Roundtable on Sustainable Palm Oil (RSPO) maintains that the issue of greenhouse gases (GHG) emissions should be addressed now to enable the industry to stay ahead of the curve on current global discussions.

23/04/2013 (Proactive Investor UK) - DekelOil (LON:DKL) said construction of its 60 tonne an hour palm oil extraction mill in Côte d'Ivoire has begun – leaving the project on schedule for completion by the year-end.

23/04/2013 (Philippine Information Agency) - At least 20,000 hectares in the three typhoon-devastated towns of Davao Oriental's eastern coast were identified potential areas for cultivating oil palm.

23/04/2013 (THISDAY Live) - A recent announcement by PZ Cussons in a United Kingdom based commodities publication that it has started large scale sales of palm oil in Nigeria may be the confirmation of a recent outcry by the Plantation Owners Forum of Nigeria (POFON) that agents of the Federal Government are conniving with companies of foreign interests and origin to wipe out local investments in palm oil plantations in Nigeria by flooding the nation’s market with cheap imported palm oil Crusoe Osagie Reports.

23/04/2013 (THISDAY Live) - There is need for Nigerians to think of those products in which they have competitive advantage over other parts of the world. Through this global advantage the nation will look for how to develop them, through establishment of small, medium and large scale production and processing plants.

23/04/2013 (Bloomberg) - Palm oil advanced for the first time in three days on speculation that a drop to the lowest level in more than four months was overdone.

23/04/2013 (Philippine Information Agency) - The province of North Cotabato will construct the first palm oil crushing mill in the province which will be situated in the palm oil factory site in Barangay Tacupan in the municipality of Carmen.