Archived News

26/03/2013 (Hindu Business Line) - The edible oils market witnessed a mixed trend on Monday. Imported palmolein gained Rs 2 for 10 kg despite weak futures while soyabean refined oil ruled unchanged. Improved demand for low-price oils pushed up crefined oil by Rs 6 and rapeseed oil by Rs 3 for 10 kg. Groundnut and sunflower oil ruled steady.

26/03/2013 (Jakarta Post) - Sinar Mas Group says it will invest US$1.6 billion in the Liberian palm oil business to expand operations overseas.

26/03/2013 (THISDay) - Crusoe Osagie analyses information from the Plantation Owners Forum of Nigeria, warning that some manufacturers of foreign origin may be conspiring to cripple the nation’s emerging oil palm industry with the help of some compromised federal government officials.

26/03/2013 (SBS) - Palm oil is the most widely produced edible oil in the world, but its use is increasingly coming under fire from environmental activists and concerned consumers.

26/03/2013 (Business Standard) - In the Indian markets, soybean futures continued to gain for the fourth day in a row as buying interest emerges. Supplies in the local market were thin as farmers are holding back their supplies in anticipation of better returns.

26/03/2013 (FoodBev.com) - Cargill has officially launched the Cargill Tropical Palm Learning Academy, an institute of continuous learning with the objective of developing and nurturing professionals and future Cargill leaders in oil palm management.

25/03/2013 (The Star) - Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to see light trading this week as traders adopt a wait-and-see attitude, dealers said.

25/03/2013 (The Star) - IOI Corp Bhd executive chairman Tan Sri Lee Shin Cheng is positive on crude palm oil (CPO) prices and believes that the worst of the plantation cycle is over.

25/03/2013 (Business Standard) - With edible oil prices remaining under pressure due to surplus availability from the world’s two leading producers – Malaysia and Indonesia – India’s per capita consumption of cooking oil is set to increase 4.19 per cent in the current financial year.

25/03/2013 (Borneo Post) - Last week, the US Federal Reserve chairman Ben S Bernanke said that policy­makers would inject new financial stimuli only if more added jobs could be seen.

25/03/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Ma­laysia Derivatives set­tled the week higher, antici­pating better exports demand and lower production for palm oil in the coming months.

25/03/2013 (spyghana.com) - After a slow year in 2012, Malaysian officials expect exports of crude palm oil (CPO) to expand in 2013. Prices that have fallen due to oversupply and slower demand are now on the rise again, and though they may moderate in the second half of the year, an average steady climb over the next two years seems likely.