Archived News

09/04/2013 (Tuoitrenews) - Vietnamese cooking oil makers are calling on the government to impose remedial actions against imported cooking oil products, which are causing material injury to the domestic industry thanks to their cheap prices and zero import duties.

09/04/2013 (The Atlantic) - Squinting under the bill of his baseball cap, Leonary Marcus scans the treetops for ripe clusters of palm fruit to hack down with the aluminum scythe hanging from his shoulder. When a flame-red bunch catches his eye, he hooks the tool at the crux of the branch and yanks downward with all the muscle a 17-year-old can muster. The canopy shakes, a squawking bird flees and the fruit crashes to the ground in scattered heaps for him to gather into a rusty wheelbarrow. Leonary wipes the sweat from his face and moves on to the next row of trees, as he has done almost every day for the past five years.

09/04/2013 (Hindu Business Line) - Edible oils market witnessed a mixed trend on Monday.

09/04/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1200 GMT.

09/04/2013 (Biofuels International) - Palm oil reserves in Malaysia took the steepest drop in number in more than two years this March.

09/04/2013 (Asian Correspondent) - The cultivation of palm oil plantations for food, bio diesel, cosmetics and other uses is a huge business, employing hundreds of thousands of workers. Around 80% of palm oil is produced in Indonesia and Malaysia, driven by multinational (chiefly Western) food and cosmetic firms.

09/04/2013 (Bloomberg) - Palm oil advanced to the highest level in more than a week on speculation that inventories in Malaysia probably fell last month as exports from the world’s second-largest producer increased.

08/04/2013 (Bloomberg) - Palm oil stockpiles in Malaysia probably fell the most in more than two years in March as exports from the world’s second-largest producer increased for the first time in five months.

08/04/2013 (Business Mirror) - The Philippines’s palm-oil industry players and stakeholders will discuss ways to better promote the commodity and their products, as well as their future, at the Eighth National Palm Oil Congress at the Xavier Sports and Country Club in Cagayan de Oro City, Misamis Oriental province, on April 18 and 19.

08/04/2013 (The Star) - Hailing from Africa, oil palm (Elaeis guineensis) established itself in Malaysia from seeds introduced via Indonesia, but much has changed over the past century as far as the variety of planting materials are concerned.

08/04/2013 (Mongabay.com) - Neste Oil, a Finnish energy giant, has announced a new "no deforestation" policy [PDF] for sourcing palm oil. The company, which is one of the world's largest buyers of palm oil, had faced criticism from environmentalists for purchasing palm oil potentially linked to rainforest and peatland destruction in southeast Asia.

08/04/2013 (Business Recorder) - The ghee and cooking oil industry has linked reduction in the prices of ghee/cooking oil in coming budget (2013-14) with the rationalisation of duties and taxes and procedural and legal changes in Customs Act, 1969 and Income Tax Ordinance 2001 from next fiscal year.