Archived News

16/05/2013 (The Star) - Indonesia has extended a logging ban to protect rainforests despite fierce industry pressure, the government said Wednesday, but green groups slammed it as inadequate to safeguard threatened habitats.

16/05/2013 (Pork Network) - Products derived from coconuts and oil palm trees are the primary protein sources in swine diets in parts of Africa, southeast Asia, South America, and Europe. New research from the University of Illinois is helping to establish the nutritional value of these products.

15/05/2013 (Reuters) - Malaysian palm oil futures edged lower on Tuesday, dropping for a second straight session as worries about weak exports and a firm ringgit kept investors on the sidelines.

15/05/2013 (Hindu Business Line) - Coconut oil may attract upcountry orders and corporate interest only after its prices stabilise.

15/05/2013 (Bloomberg) - Palm oil dropped for a second day on speculation that declining exports and rising output may boost stockpiles in Malaysia, the world’s second-largest producer.

15/05/2013 (Ghana Business News) - The Benso Oil Palm Plantation (BOPP) Limited, posted profit after tax of GH¢13.41 million last year, as against GH¢9.59 million the previous year, representing an increase of about 40 per cent.

15/05/2013 (Hindu Business Line) - World vegetable oil prices, already corrected down from their recent highs because of sluggish demand growth and rising inventory, are likely to face further price pressure, thanks a big rebound in production anticipated in the northern hemisphere in the months ahead.

15/05/2013 (Bloomberg) - Cooking oil imports by India, the world’s second-biggest buyer, declined in April for the first time in five months on ample stockpiles and as consumption decreased because of the summer heat.

15/05/2013 (Hindu Business Line) - Imported palmolein and soyabean refined oil dropped by Rs 3 and Re 1 for 10 kg each on eased local demand and tracking weak closing of Malaysian palm oil futures.

15/05/2013 (FOX Business) - Palm oil producer IOI Corp. Bhd. (1961.KU) Wednesday unveiled plans to demerge its property business--valued at over 12.6 billion ringgit ($4.22 billion)--and list it on the Malaysian stock exchange, in an effort to unlock shareholder value.

15/05/2013 (Eco Business) - Palm oil inventories in Indonesia, the world’s largest producer, probably tumbled in April to the lowest level in six months as domestic consumption increased for food and biofuel.

15/05/2013 (Economic Times) - Import of vegetable oil during November 2012 to April 2013 is reported at 552279505 tons compared to 4714963 tons - up by 12%.