Archived News

18/03/2013 (The Edge) - Competition from Indonesia in the palm oil sector is set to heighten with the loss of Malaysia’s Generalised Scheme of Preferences (GSP) status in the European Union from January 2014, a measure that will lead to higher taxes on palm oil exports.

18/03/2013 (Borneo Post) - The US Dollar Index (USDX) hit a seven-month high at 83.16 before sliding down on Friday.

18/03/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Ma­laysia Derivatives set­tled the week lower in tandem with the fall in soybean oil prices and the pressure from the advancing harvest in South America.

16/03/2013 (Bloomberg) - Malaysia left the tax on crude palm oil exports unchanged for April as the world’s second-largest producer seeks to boost shipments and cut near record inventories. Futures in Kuala Lumpur rallied.

16/03/2013 (FoodNavigator.com) - The Roundtable on Sustainable Palm Oil (RSPO) has welcomed the decision of the world’s biggest sovereign wealth fund to pull investment from certain palm oil companies – but has disagreed with its divestment from firms that are on the path to RSPO certification.

16/03/2013 (Discovery News) - Large buyers of palm oil -- including the Girl Scouts, Dunkin’ Donuts and Sara Lee -- are responding to environmental and wildlife concerns about the product\'s use. But experts believe many animal populations are still negatively affected by palm oil plantations.

16/03/2013 (MarketWatch) - The world\'s palm oil yield per hectare is 7.5 times greater on average than other major vegetable oils. Additionally, due to its low cost, relative storage stability, and nutrient value, palm oil is likely to remain the essential constituent of any diet. Palm oil finds use in cooking, in the oleochemical industry for the making of detergents, soaps, cosmetics, glues and lubricants; it also serves as an important biodiesel feedstock.

17/03/2013 (Reuters) - Palm oil giant Colombia may be in a position to better balance sustainability and output than Indonesia, Malaysia and other big league players, but success depends on political will and robust monitoring of environmental impacts, according to a new paper. It’s important, too, that the rights of local people aren’t trampled on in the process.

16/03/2013 (The Star) - Due to global market volatility during the past three to four years, many investors have opted to diversify their investment portfolio which traditionally consisted of unit trusts, shares or bonds and step out of their comfort zone in search of alternative investments.

16/03/2013 (Hindu Business Line) - Soya oil futures prices rose Rs 10 on Friday tracking a rebound in foreign markets while in spot it ruled unchanged on slack demand. Firm Malaysian palm oil futures lifted palmolein volumes in domestic market.

16/03/2013 (The Star) - Better productivity and innovation are key components in keeping the labour-intensive plantation industry competitive, said Tan Sri Lee Oi Hian, the chief executive officer of plantation giant Kuala Lumpur Kepong Bhd (KLK).

16/03/2013 (The Star) - Can the national biodiesel programme assist our palm oil industry and would it be the magical solution to the renewable alternative energy problem?