Archived News

20/02/2013 (Bloomberg) - Indonesia, the largest palm oil producer, may keep the duty on shipments of the crude variety unchanged at 9 percent in March, double the rate in Malaysia.

20/02/2013 (BakeryAndSnacks.com) - Manufacturers must rethink production of sandwich creams for bakery fillings and biscuits after a trend to remove trans fatty acids and reduce saturated fatty acids has affected the consistency of the final product, according to equipment firm SPX.

20/02/2013 (Bloomberg) - Palm oil advanced for a third day, tracking gains in soybeans, as dry weather in parts of Argentina dims the prospect for global supply of the oilseed crushed to make soybean oil and animal feed.

20/02/2013 (Bloomberg) - Palm oil shipments from Malaysia increased at a slower pace in the first 20 days of February on fewer purchases by countries in South Asia including India, the biggest buyer, according to an estimate by surveyor Intertek.

19/02/2013 (Bloomberg) - Palm oil futures are “oversold” in the short-term and may rebound to 2,800 ringgit ($904) a metric ton by the middle of the year, according to Benny Lee, chief market strategist at Jupiter Securities Sdn.

19/02/2013 (Business Standard) - Domestic prices of soybean oil and palm oil, the two biggest edible oils imported into India, are expected to remain subdued during the first two quarters of calendar 2013 because of ample global supplies, according to a recent research report by Religare Commodities Ltd.

19/02/2013 (Myanmay Times) - Edible oil dealers are warning the public to beware of palm oil mixed with a chemical powder and passed off as peanut oil. The powder is meant to stop it solidifying, said U Tun Tun, secretary of the Association of Edible Oil Merchants and Millers in Mandalay Region.

19/02/2013 (World Radio Switzerland) - If there’s palm oil in produce you buy you should know about it.

19/02/2013 (TEMPO Interactive) - Indonesia and fellow palm oil-producing countries Nigeria and the Ivory Coast signed an agreement to cooperate in the fight against rampant anti-palm oil campaigns in Asia and Africa. The agreement stated three main points, "Observing all anti-palm oil campaigns, providing information, and mutual coordination in the fight against anti-palm oil campaign," Chairman of the Indonesian Palm Oil Board (DMSI), Derom Bangun, said on Monday, February 18.

19/02/2013 (Bloomberg) - Palm oil futures are “oversold” in the short-term and may rebound to 2,800 ringgit ($904) a metric ton by the middle of the year, according to Benny Lee, chief market strategist at Jupiter Securities Sdn.

19/02/2013 (Hindu Business Line) - Imported palmolein rose by Rs 5 for 10 kg tracking firm Malaysian palm oil futures on Monday. Soyabean refined oil dropped by Re 1 for 10 kg on slack demand. Volume was thin as stockists kept away from fresh bulk buying. They covered enough last week for March, while for February they chose to fulfil old commitments by taking deliveries.

19/02/2013 (The Star) - We hosted a lunch meeting featuring the Palm Oil Refiners Association of Malaysia (Poram), which was well-attended by analysts. Key take away from this meeting is that Malaysian refiners are positive on the recent change in crude palm oil (CPO) export tax structure as evidenced by the recent pick up in refining activities.