Archived News

17/01/2013 (Reuters) - Malaysian palm oil futures rose to their highest in over a week on Wednesday on investor optimism a zero-duty tax structure will spur exports from the world\'s No.2 producer and help boost global demand for the tropical oil.

17/01/2013 (Bloomberg) - Palm oil inventories in Indonesia will probably rise to almost 90 percent of capacity as exports from the largest grower drop after Malaysia set its tariff at zero and as China imposed more stringent rules on shipments.

17/01/2013 (Bloomberg) - India, the world’s second-biggest cooking oil consumer, will consider imposing a 5 percent duty on imports of crude palm oil to shield domestic oilseed growers from cheap supplies, two government officials said.

17/01/2013 (CANOE) - Ditch the dieting, embrace your inner quinoa and get sassy with saffron. And don\'t forget to rub a little red palm oil behind your ears. So it is that 2013 shines bright with culinary promise and the happy arrival of yet another batch of the newest food trends.

17/01/2013 (Borneo Post) - Pakatan Rakyat’s promise of giving Sarawak a 20 per cent oil royalty as compared to the present five per cent if it managed to win the fast-approaching general election is only good in theory.

17/01/2013 (NDTV) - The Union Cabinet has approved the imposition of a 5 per cent import duty on crude edible oil and 2.5 per cent import duty on crude palm oil. The measure was earlier proposed by the Agriculture Ministry to protect the domestic industry and farmers.

17/01/2013 (Hindu Business Line) - Edible oils market witnessed higher volumes on Wednesday as stockists covered about 1,700-1,800 tonnes of imported oils on speculation that the Government may raise import duty on edible oils.

17/01/2013 (CosmeticsDesign-Europe.com) - Ingredient producer Sternchemie is now offering RSPO-certified MCT oil for use in cosmetics, as well as in food and pharma.

17/01/2013 (Bloomberg) - Palm oil climbed for a third day on speculation that stockpiles in Malaysia, the world’s second- largest producer, may drop from a record as output falls and demand recovers in India and Pakistan.

16/01/2013 (Reuters) - Malaysian palm oil futures edged up on Tuesday, tracking increases in the price of rival soybean oil, but gains were capped by persistently weak exports and record high stocks in the world\'s second largest producer of the edible oil.

16/01/2013 (Jakarta Globe) - Concerned about the fast degradation of the environment in East Kalimantan due to the high number of plantation concessions issued, the provincial administration plans to issue a moratorium on new palm oil plantations starting this year, an official said on Monday.

16/01/2013 (Bloomberg) - Palm oil shipments from Malaysia tumbled 21 percent in the first 15 days of this month, said Intertek, adding to signs that a zero-rated tax on exports intended to clear record stockpiles has yet to boost trade.