Archived News

16/01/2013 (Pakistan Obserber) - Palm oil imports witnessed sharp decline of 16.62 percent during the first five months of the current fiscal year as against the same period of last year.

16/01/2013 (Reuters) - Vietnam is considering putting emergency import tariffs on soyoil and palm oil to prevent a flood of imports damaging its own producers, according to a World Trade Organization filing seen by Reuters on Tuesday.

16/01/2013 (Borneo Post) - The plantation sector is abuzz with activities lately with the Malaysian Palm Oil Board (MPOB) painting a healthy outlook ahead for 2013 and Plantation Industries and Commodities Minister Datuk Seri Bernard Dompok announcing the extension of zero tax duty for crude palm oil (CPO) exports to February.

16/01/2013 (Economic Times) - The Centre is planning to restructure duty on edible oils to protect the interests of domestic oil industry and oilseeds growers. It may impose an import duty of 5% on crude oil and hike duty on refined palmolein oil from 7.5% to 12.5%

16/01/2013 (Jakarta Globe) - Indonesia should embrace its key role in climate change and extend a ban on the destruction of forests and peatlands despite opposition from the agriculture minister and the influential palm oil industry, a senior forestry ministry official said.

15/01/2013 (Bernama) - Sime Darby Bhd\'s shares were traded lower today despite news of the Securities Commission\'s approval for its US$1.5 billion multi-currency Sukuk Issuance programme.

15/01/2013 (Bangkok Post) - Thai oil palm and palm oil exports are in trouble, as shipments of local products are less competitive because of high prices as a result of the government\'s price-intervention scheme.

15/01/2013 (Bloomberg) - Palm oil imports by China, the world’s biggest cooking oil consumer, are set to plunge this month after the government imposed more stringent inspections on shipments, potentially increasing global inventories.

15/01/2013 (Bloomberg) - Palm oil gained after soybeans surged the most in more than six months yesterday on signs that U.S. stockpiles are tightening, increasing concerns that global oilseed supplies may dwindle.

15/01/2013 (The Star) - A new manual guides plantation managers on making estates friendly to wildlife.

15/01/2013 (The Star) - RHB Research Institute expects Fitters Diversified to likely temporarily \"go slow\" on the signing of new third-party green palm oil milling joint ventures on the back of the depressed prices of end-product dried long fibre of late.

15/01/2013 (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.