Archived News

17/05/2013 (Bloomberg) - Indonesia has approved a two-year extension to a landmark ban on clearing primary rainforests and peatlands, officials said Thursday. Environmentalists praised the move but said the government must do more to curb the nation\'s burgeoning production of greenhouse gases.

17/05/2013 (Hindu Business Line) - Edible oils witnessed a mixed trend on Thursday despite extended gain in futures markets. Palmolein rose by Re 1 and cotton refined oil increased by Rs 3. Rapeseed oil declined by Rs 2.

17/06/2013 (The Sun Daily) - Singapore-listed commodity firms Olam International Ltd, Noble Group Ltd and Wilmar International Ltd are cutting capital expenditure, making more selective acquisitions and seeking partnerships to weather volatile markets.

17/05/2013 (Daily Times) - Two ships carrying containers and palm oil were allotted berths at Qasim International Container Terminal and Liquid Cargo Terminal respectively at Port Qasim on Wednesday, Port sources said on Thursday

17/05/2013 (Phuket Gazette) - Krabi palm oil and rubber plantation workers have threatened to blockade Krabi Airport if the government does not increase the legal minimum prices for their produce by next Thursday.

17/06/2013 (Bloomberg) - Palm oil headed for a second weekly advance on speculation that exports from Malaysia, the world’s second-largest producer, may rebound and trim stockpiles.

16/05/2013 (Reuters) - Malaysian palm oil futures fell for a third straight day on Wednesday, as weak exports and a firm ringgit currency stirred doubts about the strength of demand for the edible oil.

16/05/2013 (Bloomberg) - Palm oil tumbled the most in almost two weeks on speculation that exports may decline from Malaysia after the world’s second-largest producer left a tax on shipments unchanged for a fourth month.

16/05/2013 (Bernama) - Several Malaysian NGOs are concerned about recent reports that the Malaysian Palm Oil Association (MPOA) is mulling over a decision to quit the Roundtable on Sustainable Palm Oil (RSPO) by the end of this year.

16/05/2013 (Jakarta Post) - The government is expecting to increase production of oleochemicals (chemicals derived from plant and animal fats) to the country’s current maximum production of 3.8 million tons, an official from the Industry Ministry said.

16/05/2013 (Hindu Business Line) - Edible oil prices, especially imported plmolein and soyabean refined oil, extended loss further by Rs 2 each and cotton refined oil dropped by Rs 3 for 10 kg on Wednesday tracking weak local demand and bearish Malaysian palm oil futures. Groundnut, rapeseed and sunflower oil ruled unchanged in line with steady to weak trend in producing centres.

16/05/2013 (UkrAgroConsult) - Malaysian production of crude palm oil (CPO) rose moderately but crude pam kernel oil output fell last month. CPO production climbed to 1.367 million tonnes (MT) in April 2013, up 3.1% compared to 1.325 million MT a month ago, and up 7.4% compared to 1.273 million MT in April 2012, according to MPOB data. Total CPO output reached 5.59 million MT in the first 4 months of this year, up 12.7% compared to 4.96 million MT at the same time last year.