Archived News

16/03/2013 (Bloomberg) - Palm oil advanced for the first time in four days on speculation that exports from Malaysia may climb this month after the government left a tax on shipments unchanged, potentially reducing stockpiles.

15/03/2013 (Reuters) - Malaysian palm oil futures rose on Friday on bargain-hunting after three straight sessions of losses, with traders expecting seasonally lower production and firm exports to help stocks ease further.

15/03/2013 (Jakarta Post) - The Sumatra chapter of Food Farmers Network (JARITANGAN) has asked for support from the Food Agriculture Organization (FAO) to push Batanghari regency and Jambi administration to revoke permits of five palm oil plantations on or near agricultural land belonging to local communities.

15/03/2013 (Bloomberg) - Palm oil declined to the lowest level since January on concern that a bumper soybean crop in Brazil, poised to be the world’s largest grower this year, will boost global oilseed supplies and damp demand.

15/03/2013 (Kyiv Post) - Non-faction MP Viktor Baloha has proposed that the parliament bans the usage of palm oil in the production of foodstuffs.

15/03/2013 (Bloomberg) - Cooking oil imports by India, the largest palm oil buyer, advanced for the third straight month because of a decline in prices and on speculation import taxes would increase, a processors’ group said. Domestic stockpiles gained to a record.

15/03/2013 (Hindu Business Line) - Vegetable oil imports increased 11 per cent to 9,69,175 tonnes in February against 8,76,669 tonnes logged in the same period last year.

15/03/2013 (Hindu Business Line) - India, the largest cooking oil consumer after China, has imported 9.69 lakh tonnes of vegetable oils in February, up 10.55 per cent from 8.76 lakh tonnes in the same period last year, industry body SEA said today.

15/03/2013 (Business Standard) - Vegetable oil imports surged 10.55 per cent in February after a staggering 75.33 per cent spurt in January this year. In the first four months of the current oil year (November 2012 - October 2013), veg oil import registered an overall growth of 22 per cent.

15/03/2013 (Bernama) - The current lower price of crude palm oil (CPO) will help reduce Malaysia\'s high stock which has surpassed two million metric tonnes.

15/03/2013 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO) has hailed the Norwegian Government Pension Fund Global\'s (GPFG) decision to consider deforestation and making reference to the RSPO\'s standard and its membership as a consideration when shaping its investment portfolio.

15/03/2013 (Bernama) - Malaysia is to impose a 4.5 per cent export tax on crude palm oil (CPO) for April, unchanged from March, according to a circular from the Malaysian Royal Customs Department posted on the Malaysian Palm Oil Board website today.