Archived News

14/02/2013 (Global Times) - Indonesia and Nigeria have agreed to cooperate in opening plantations for palm oil, cocoa and other commodities in the African country, an Indonesian minister said here on Wednesday.

14/02/2013 (Bloomberg) - Palm oil rebounded on speculation that stockpiles in Malaysia, the second-largest producer, may decline further this month as exports improve on the back of a zero tax on shipments compared with a levy in Indonesia.

13/02/2013 (Reuters) - Malaysian palm oil futures fell to a two-week low on Wednesday in light trade after a long holiday weekend, with traders staying cautious as industry data showed stocks remained high despite coming off record levels.

13/02/2013 (Bloomberg) - Palm oil reserves in Malaysia, the second-largest producer, shrank from a record in January as output fell, according to official data. The drop was less than expected and prices slumped the most in more than six weeks.

13/02/2013 (Bloomberg) - The following table shows Malaysia’s palm oil production, stocks, exports and imports for January according to the Malaysian Palm Oil Board.

13/02/2013 (Hindu Business Line) - Edible oils remained calm on Tuesday, as stockists avoided fresh buying and concentrated on taking deliveries of old commitments. Talk of a higher import duty kept the market cautious.

13/02/2013 (Bangkok Post) - Oil palm is a remarkably efficient crop that provides the majority of the world\'s vegetable oil and generates valuable revenue for the developing countries where it is grown. Trade value is US$50 billion a year for the commodity that goes into about half the products on supermarket shelves (soap, margarine, ice cream, noodles and chocolate, to name a few), but palm oil has struggled on the road to sustainability. It is even a candidate for some UK power plants as a cheap but unsustainable fossil-fuel alternative.

13/02/2013 (The Nation) - Bilateral trade is needed to be enhanced between Pakistan and Malaysia as both countries are very potential markets, said High Commissioner of Malaysia in Pakistan Dr Hasrul Sani Mujtabar while speaking at the Lahore Chamber of Commerce and Industry on Tuesday.

13/02/2013 (The Star) - The biofuel option is often seen as a safety net project for the palm oil sector, especially when the price of crude palm oil (CPO) is about to hit rock bottom and the palm oil stockpile sits above the critical two million tonne mark.

13/02/2013 (Bernama) - Palm oil stocks fell 1.9 per cent to 2.58 million tonnes in January this year from the 2.63 million tonnes in December 2012, the Malaysian Palm Oil Board (MPOB) said Wenesday.

10/02/2013 (Bernama) - The Golden Palm Growers Scheme has been well planned and will not be affected by problems faced by other similar agricultural based investment schemes, said the Executive Chairman of Golden Palm Growers Bhd, Andrew Phang.

09/02/2013 (The Star) - An enterprising stationery and gifts production company is setting a trend with its brand of tree-free paper products from palm oil leftovers.