Archived News

06/02/2013 (Daily Times) - In pursuance of its policy to make frequent upward revision in prices of almost essential commodities, Utility Stores Corporation (USC) of Pakistan once again made upward revision in price of Utility brand cooking oil at more than its 150 outlets operating in Karachi.

06/02/2013 (4-Traders) - Neste Oil has increased its use of waste- and residue-based renewable inputs by over 400,000 tons.

06/02/2013 (Ingredients Network) - IOI Loders Croklaan, who supply sustainable palm oil, says that it is anticipating ongoing growth in the use of sustainable palm oil in Europe. Consumer demand for pure and natural products looks set to continue, according to the company,and food manufacturers can easily respond to this by using palm oil that has been produced in a sustainable way.

06/02/2013 (The Guardian)- There is urgent need for Nigerians to have a second look at the palm oil they are using. Adulterated palm oil has flooded the market and researchers have associated the product to the rising cases of cancers, heart disease and kidney failure.

06/02/2013 (Bloomberg) - Palm oil reserves in Malaysia, the biggest producer after Indonesia, probably fell for the first time since June as output plunged by the most in two years, according to a Bloomberg survey.

06/02/2013 (Hindu Business Line) - In Edible oil market palmolein rose by Rs 1 while Cotton, Soyabean and Rapeseed refined oil dropped by Rs2 each on lack of demand and tracking weak futures prices. Groundnut oil and sunflower oil rule steady. A leading refinery reduced its rates for palmolein and soya oil by Rs3-Rs5 in second half due lack of demand. Volume was negligible and isolated. Moral was weak said traders.

05/02/2013 (Reuters) - Malaysian palm oil futures eased on Tuesday on profit-taking after four straight sessions of gains, but hopes of better-than-expected inventory and export data next week limited losses.

05/02/2013 (The Star) - Malaysia would “perhaps” maintain the zero export duty for crude palm oil (CPO) for the third consecutive month, said Plantation, Industries and Commodities Minister Tan Sri Bernard Dompok.

05/02/2013 (Borneo Post) - Imposing a moratorium on planting of palm oil on peat soil is economically and socially unacceptable especially to the rural folk.

05/02/2013 (Bloomberg) - Palm oil snapped a four-day rally on renewed concern that Europe’s debt crisis will derail the global economic recovery, hurting demand for commodities.

05/02/2013 (Permaculture Magazine) - Scientists from Bangor University have discovered that growing oil palm to make \'green\' biofuels in the tropics could be accelerating the effects of climate change.

05/02/2013 (Confectionery Production) - Health, convenience and sustainability are key trends in the food market, which researchers expect to continue to gain in importance. So it’s no wonder that more and more manufacturers are advertising their products as “Free of preservatives, food colouring and artificial flavours.” Consumers are paying more attention to what they buy, and to the ingredients. But since the appearance of a food product is very important in the purchase decision, clean label colorants are more and more in demand. This is a trend that Michael Scheinert, product manager at Sternchemie in Hamburg, a company that specialises in lipids, can confirm, “As consumer health awareness grows, our customers are more and more interested in red palm oil.” This natural, vitamin-rich oil gives many different foods a golden-yellow to orange-red colour.