Archived News

01/03/2013 (Reuters) - Malaysian palm oil futures fell to a more-than-six-week low on Thursday, extending losses into a seventh straight session on bleak export data and improved weather in Latin America.

01/03/2013 (mongabay.com) - Over the past 25 years palm oil production has emerged as one of the biggest drivers of deforestation and peatlands degradation in Southeast Asia. And there are fears that expansion in West and Central Africa could soon make palm oil a major cause of forest conversion on that continent.

01/03/2013 (DigitalJournal.com) - \"As one doctor puts it: “Red palm fruit oil delivers a one-two punch unlike any other nutrient or food out there.\"

01/03/2013 (Jags Report) - New Britain Palm Oil (LON: NBPO)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Thursday. They currently have a $10.61 (700 GBX) target price on the stock.

01/03/2013 (Bloomberg) - Golden Agri-Resources Ltd. (GGR), the world’s second-biggest palm oil producer, said fourth-quarter profit declined 93 percent as prices of the commodity declined.

01/03/2013 (India Times) - The edible oil companies like Ruchi Soya and Adani Wilmar have lauded the Union Budget 2013-14.

01/03/2013 (Jakarta Globe) - Agribusiness company Salim Ivomas Pratama, part of Indofood Group, booked a 31 percent decline in net income last year, as profitability was hurt by falling commodity prices and rising operational costs.

01/03/2013 (Bloomberg) - Palm oil fell for a seventh day, the worst run in more than two months, on speculation that stockpiles in Malaysia, the largest producer after Indonesia, will remain at high levels as exports decline.

01/03/2013 (Mongabay.com) - PT Sinar Sawit Andalan (PT SSA), a palm oil plantation company in Indonesia’s West Kalimantan province, has denied allegations that the company employs children. PT SSA was responding to a video released earlier this month that showed school-age children carrying polybags at the company’s work site in West Kalimantan’s Sintang district.

01/03/2013 (Bernama) - Export-Import Bank of Malaysia Bhd (Exim Bank)\'s Islamic financing contribution to total loans is targetted to increase to 30 per cent within the next two years from 20 per cent, currently.

01/03/2013 (Mydigitalfc.com) - Even as the annual budget brought cheers to Agro-based companies, the edible oil extraction industry expressed disappointed over their issue of import duty structured anomalies on crude and refined palm oil not being addressed.

28/02/2013 (Reuters) - Malaysian palm oil futures inched down on Wednesday to a near six-week low, stretching losses into a sixth straight session with investors remaining cautious that uncertain overseas markets could weigh on demand for the tropical oil.