Archived News

21/03/2013 (AllAfrica.com) - The partnership between the Cross River State government and a Singaporean firm, Wilmar International Limited was inaugurated recently.

21/03/2013 (Business Standard) - In the domestic markets, soy complex treaded water on lack of any fresh cues in domestic as well as international market. Soybean prices opened with a positive streak but lack of any fresh bullish trigger and larger supplies in the international market weighed on the sentiments at higher prices. Arrivals in the spot market were close to 80,000 bags. Farmers this year have not been aggressive sellers and are holding onto their beans in anticipation of higher prices.

21/03/2013 (Scoop.co.nz) - International NGOs have condemned a statement by the World Bank’s International Finance Corporation (IFC) which defends the record of a Honduran palm oil company, Grupo Dinant, which is implicated in dozens of murders as well as other human rights abuses. The IFC statement explicitly admits to supporting training for the company’s armed security guards. A World Bank Ombudsman [1] is currently investigating an IFC loan of $30 million for Grupo Dinant which was approved in 2009, at least half of which has already been disbursed. This month, an Open Letter by 17 NGOs and an international petition signed by over 63,000 people have protested the loan and called on the World Bank to immediately cease their support for Grupo Dinant.

21/03/2013 (Bernama) - Not only did they flee their villages during the incursion by terrorists from southern Philippines, the residents of Tanjung Labian are now getting restless as they may also incur losses because they cannot harvest their oil palm plantations.

21/03/2013 (Business Recorder) - Wednesday\'s Rotterdam vegetable oil prices at 1700 GMT.

21/03/2013 (Bloomberg) - Palm oil climbed to the highest level in almost a month on speculation that an increase in exports from Malaysia and a decline in output will reduce inventories in the world’s largest producer after Indonesia.

20/03/2013 (Reuters) - Malaysian palm oil futures rebounded on Tuesday on bargain-hunting a day after a radical Cyprus bailout proposal had prompted declines, although gains were capped as uncertainty remained ahead of a vote on the plan.

20/03/2013 (Bloomberg) - Palm oil prices may be near a bottom as demand increases in part as supplies of soybean oil tighten, Oil World said.

20/03/2013 (Bernama) - The government remains committed to increasing and improving the country\'s palm oil sector this year, the Performance Management and Delivery Unit (Pemandu) in the Prime Minister\'s Department said in its 2012 Annual Report of the Economic Transformation Programme (ETP).

20/03/2013 (Bernama) - The government\'s move to introduce 10 per cent blended palm oil or B10 in petroleum diesel is part of initiatives to increase palm oil usage in the domestic market, Malaysian Palm Oil Board (MPOB) Chairman Tan Sri Shahrir Abdul Samad said Tuesday.

20/03/2013 (Bloomberg) - Palm oil gained on speculation that stockpiles in Malaysia, the world’s second-largest producer, may decline as exports increase.

20/03/2013 (Hindu Business Line) - Activities in edible oils markets were calm on Tuesday, tracking bearish futures market. As the fiscal year end approaches, stockists prefer to bet for April and keep away from nearby buying. The overall volume was thin. In the absence of active demand palmolein, rapeseed and cotton refined oil declined in the range of Re 1-Rs 3. Groundnut oil dropped by Rs 5 tracking a fall of Rs 25 in telia tin in Rajkot. Firmness in the Malaysian palm oil futures failed to lift the sentiment here as most wholesalers preferred to fulfil old commitments.