Archived News

11/01/2013 (Bloomberg) - donesia, the world’s largest palm oil producer, is considering reducing export taxes to boost competition with Malaysia, which set its tariff for the crude variety at zero this month to help clear record stockpiles.

11/01/2013 (Bloomberg) - Palm oil stockpiles in Malaysia that expanded to an all-time high last month, contrary to analysts’ expectations, may have set back an expected recovery in prices of the most-used cooking oil. Futures fell to a three-week low.

11/01/2013 (MoneyControl.com) - Edible oil prices slipped on the wholesale oils and oilseeds market during the past week on sluggish demand, against adequate stocks position and a weak global trend.

11/01/2013 (Jakarta Post) - Indonesia, the world’s biggest palm oil producer, is mulling a move to produce biofuel to manage abundant local supplies.

11/01/2013 (Agrimoney.com) - Rabobank signalled a downgrade ahead in its forecasts for prices of palm oil, which it had rated as its most bullish agricultural commodity for 2013, after Malaysian stocks of the vegetable oil defied market expectations by rising to a fresh record high.

11/01/2013 (MoneyControl.com) - Emkay Commodity Reesearch has come out with its report on Crude Palm Oil. According to the research firm, MCX CPO Jan contract is still holding above its strong declining support trend line that falls at Rs 438-437 range. For the day trend remains firm with the price objective of Rs 448 followed by Rs 452 levels.

10/01/2013 (Bloomberg) - Cooking oil imports by India, the world’s second-largest user, probably jumped in December after palm oil prices slumped to a three-year low and farmers curbed domestic oilseed sales.

10/01/2012 (PRWeb) - Natural Red Palm Oil is making headlines as the latest superfood to excite and astound the natural health world! Long used around the world as a staple in tropical cuisine and as a medicinal food new research suggest that Red Palm Oil may in fact be a superfood of monumental proportions.

10/01/2013 (Jakarta Post) - Indonesia, the world’s biggest producer of palm oil, anticipates double-digit growth in the export of the commodity on the back of an increase in demand for crude palm oil (CPO) as well as refined products in its traditional markets, an industry association said.

10/01/2013 (Jakarta Globe) - Crude palm oil production in Indonesia is expected to climb 5.7 percent this year despite challenging market conditions, according to a key industry group.

10/01/2013 (Bloomberg) - Palm oil snapped a four-day losing streak on speculation that falling output in Malaysia may help cut record inventories and as investors reversed bets on further declines from a two-week low.

11/01/2012 (Hindu Business Line) - Edible oils prices ruled marginally weak but a smart recovery was witnessed in the overall volume as stockists came forward with fresh orders tracking firm futures markets. About 2,300-2,500 tonnes of edible oils – mostly palm group of oils - were traded on Wednesday.