Archived News

22/03/2013 (Business Recorder) - Thursday\'s Rotterdam vegetable oil prices at 1700 GMT.

22/03/2013 (Bloomberg) - Palm oil may advance 10 percent through May as Malaysia’s currency weakens before elections and inventories drop in Indonesia and Malaysia, the top producers, said Dorab Mistry, director at Godrej International Ltd.

22/03/2013 (Economic Times) - Crude palm oil futures prices rose by Rs 1.60 to Rs 456.80 per 10 kg today, extending gains for the fourth day, as speculators built up positions amid strong spot demand.

21/03/2013 (Reuters) - Malaysian palm oil futures rose to the highest in more than a week on Wednesday on higher/ export demand, although gains were curbed after Cyprus\'s rejection of a proposed bailout plan led to worries of a default.

21/03/2013 (The Star) - The Government is expected to put in place the long-awaited Malaysian Sustainable Palm Oil (MSPO) standard before the end of the year, following in the footsteps of Indonesia, which launched its national palm oil standard in 2011.

21/03/2013 (AllAfrica.com) - The partnership between the Cross River State government and a Singaporean firm, Wilmar International Limited was inaugurated recently.

21/03/2013 (Business Standard) - In the domestic markets, soy complex treaded water on lack of any fresh cues in domestic as well as international market. Soybean prices opened with a positive streak but lack of any fresh bullish trigger and larger supplies in the international market weighed on the sentiments at higher prices. Arrivals in the spot market were close to 80,000 bags. Farmers this year have not been aggressive sellers and are holding onto their beans in anticipation of higher prices.

21/03/2013 (Scoop.co.nz) - International NGOs have condemned a statement by the World Bank’s International Finance Corporation (IFC) which defends the record of a Honduran palm oil company, Grupo Dinant, which is implicated in dozens of murders as well as other human rights abuses. The IFC statement explicitly admits to supporting training for the company’s armed security guards. A World Bank Ombudsman [1] is currently investigating an IFC loan of $30 million for Grupo Dinant which was approved in 2009, at least half of which has already been disbursed. This month, an Open Letter by 17 NGOs and an international petition signed by over 63,000 people have protested the loan and called on the World Bank to immediately cease their support for Grupo Dinant.

21/03/2013 (Bernama) - Not only did they flee their villages during the incursion by terrorists from southern Philippines, the residents of Tanjung Labian are now getting restless as they may also incur losses because they cannot harvest their oil palm plantations.

21/03/2013 (Business Recorder) - Wednesday\'s Rotterdam vegetable oil prices at 1700 GMT.

21/03/2013 (Bloomberg) - Palm oil climbed to the highest level in almost a month on speculation that an increase in exports from Malaysia and a decline in output will reduce inventories in the world’s largest producer after Indonesia.

20/03/2013 (Reuters) - Malaysian palm oil futures rebounded on Tuesday on bargain-hunting a day after a radical Cyprus bailout proposal had prompted declines, although gains were capped as uncertainty remained ahead of a vote on the plan.