Archived News

27/02/2013 (TEMPO Interactive) - Fadhil Hasan, Executive Director of the Indonesian Palm Oil Association, regrets the government\'s decision not to lower the exit duty of crude palm oil (CPO) and its derivative products this year. He believes that Trade Minister Gita Wirjawan\'s decree would loom over Indonesia\'s CPO products, further lowering their competitiveness in global markets.

27/02/2013 (Bernama) - Bursa Malaysia Bhd will host the Palm and Lauric Oils Conference and Exhibition 2013 (POC2013) on March 4-6 at the Shangri-la Hotel.

26/02/2013 (Reuters) - Malaysian palm oil futures slipped to a one-month low on Tuesday as weak overseas vegetable oil markets kept investors on edge, although upbeat export data helped limit losses.

26/02/2013 (Bloomberg) - Palm oil fell the most since November as forecast for a record U.S. soybean crop next year deepened concern that global cooking oil supplies may increase and a tax on exports will curb demand for Malaysian supplies.

26/02/2013 (Business Recorder) - Monday\'s Rotterdam vegetable oil prices at 1700 GMT.

26/02/2013 (Triple Pundit) - Green Century Management announced last week that Starbucks will only buy palm oil from suppliers with sustainable certification by 2015. The reason for the commitment is a shareholder resolution filed by Green Century Balanced Fund, an environmentally responsible mutual fund. Green Century filed the shareholder resolution due to concerns that some of Starbucks’ palm oil suppliers use practices that are bad for the rainforests from which palm oil is derived. Starbucks also agreed to become a member of Roundtable for Sustainable Palm Oil, plus continue to work with Green Century concerning its palm oil commitments.

26/02/2013 (Bloomberg) - Palm oil probably will drop this year after Asian producers boosted acreage and global oilseed supplies rose, said Dorab Mistry, a Godrej International Ltd. director who’s traded the commodity for more than 30 years. Prices fell, erasing this year’s gain.

25/02/2013 (Reuters) - Malaysian palm oil futures slid to their lowest in nearly a month on Monday, tracking steep falls in other vegetable oil markets, although better-than-expected export numbers helped rein in losses.

25/02/2013 (Daily Star) - A large number of palm growers in eight districts under Rangpur division are now at a loss as they can neither sell the fruits nor extract oil from them when many of the trees have started yielding after nurture for over three years.

25/02/2013 (The Sun Daily) - Regardless of the merits or otherwise of encouraging greater use of biofuel in this country, the proposal to blend a higher proportion of palm methyl ester (from the current 5% to 10%) with diesel to create a biodiesel known as B10 is a well-intentioned but questionable move.

25/2/2013 (Business Times) - Felda Global Ventures Holdings Bhd (FGV) Has Guaranteed That It Will Pay Cash Dividends To The Shareholders Every Year, Regardless of The Prevailing Eeconomic Conditions.

25/02/2013 (Jakarta Globe) - Major palm oil producers accused of destroying Indonesia’s forests and driving its iconic wildlife to the verge of extinction are now taking their practices to the relatively pristine forests of the Congo Basin, an environmental group has warned.