Archived News

15/02/2013 (Bloomberg) - India, the world’s largest cooking oil consumer after China, bought a record quantity last month as traders and refiners increased purchases before a tax rise, boosting domestic stockpiles to an all-time high.

15/02/2013 (Proactive Investor) - Equatorial Palm Oil (LON:PAL) has reached another milestone in its bid to become a leading palm oil producer in West Africa.

15/02/2013 (Bloomberg) - Crude palm oil exports from Malaysia, the world’s largest producer after Indonesia, will be taxed in March for the first time in three months. Futures in Kuala Lumpur dropped.

15/02/2013 (Jakarta Post) - Indonesia, the world’s largest palm oil producer, needs to consider limiting the export of palm-kernel shells (PKS) to ensure supplies of the biomass material, as the country struggles to decrease its dependency on fossil fuels, state utility firm PT PLN says.

15/02/2013 (THISDay) - The Federal Government has been called upon by the Association of Plantation Owners Forum of Nigeria (POFON) to properly fund the Nigeria Institute of Oil Palm Research (NIFOR) to enable it effectively carry out its statutory role of research documentation.

15/02/2013 (Bernama) - Palm oil stocks, which fell 1.9 per cent last month, is expected to continue its downtrend in coming months, driven by strong export demand, says Rabobank Agri Commodity Market Research.

14/02/2013 (Bloomberg) - Palm oil dropped the most in more than six weeks as reserves in Malaysia, the world’s second- largest producer, dropped less than expected last month from a record in December.

14/02/2013 (Business Recorder) - MT Bunga Azalea carrying 11,998 tonnes palm oil was allotted berth at Liquid Cargo Terminal at Port Qasim on Tuesday, port sources said here Wednesday.

14/02/2013 (Hindu Business Line) - Edible oil remained range bound in the spot market on thin trade on Wednesday, tracking slightly bearish Malaysian palm oil data. Groundnut oil dropped by Rs 5 for 10 kg. Cottonseed refined oil increased by Rs 4 for 10 kg, tracking firm trend at the producing level. Imported palmolein and soyabean refined oil ruled steady. Sunflower and rapeseed oil were unchanged despite lack of demand. Malaysian palm oil futures fell to a two-week low on Wednesday in light trade after a long holiday weekend, with investors cautious ahead of industry data.

14/02/2013 (Bloomberg) - Palm oil shipments from Indonesia, the world’s largest grower, may decline to the lowest level in four months in February as more buyers turn to Malaysia after it extended duty-free shipments to clear record stockpiles.

14/02/2013 (Business Recorder) - Wednesday\'s Rotterdam vegetable oil prices at 1700 GMT.

14/02/2013 (Business Recorder) - Palm oil on the European vegetable oils market dropped on Wednesday after a smaller-than-expected drop in Malaysian palm oil stocks and a price fall in Chicago on expectations for a good South American crop.