Archived News

08/01/2013 (The Star) - Still fresh from the aftermath of Indonesia\'s lower palm oil export duty regime, local refiners are now faced with a new challenge China\'s Inspection and Quarantine Bureau\'s (CIQ) tighter requirements on imported edible oils, including refined palm oil, to be of “landed quality” rather than the preceding “shipped quality at origin” introduced early this month.

08/01/2013 (Bloomberg) - The Standard & Poor’s GSCI gauge of 24 commodities fell 0.2 percent to 645.63 at 4:27 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials declined 0.1 percent to 1,565.691.

08/01/2013 (The Star) - The Federal Land Development Authority (Felda) is suing Persatuan Anak Peneroka Felda Kebangsaan (Anak) president Mazlan Aliman and six others for libel over the alleged sale of palm oil to Israel.

08/01/2013 (Business Recorder) - Palm oil on the European vegetable oils market eased on Monday because of an uncertain demand outlook and players waiting for fresh market data later in the week.

08/01/2013 (The Star) - Crude palm oil prices are expected to rise on higher demand in the second half of the year as inventories get drawn down, said Standard Chartered Bank head of commodities research Hsi Han Pin.

08/01/2013 (Bernama) - Crude palm oil (CPO) prices are expected to average around RM2,900 per tonne this year supported by strong demand from emerging markets, says Standard Chartered Bank Head of Commodities Research Hsi Han Pin.

08/01/2013 (Melodika.net) - The iTrustNews.com company has published a new report dedicated to 2013 health and wellness tips. This new series of tips features how one fruit is now becoming popular for its health benefits. The red palm fruit and its extracted red palm oil has been featured on popular televisions programs like the Dr. Oz Show and is now sold by top retailers online. Tests performed on this oil were found to increase better health and improve weight loss ratios in men and women according to the report.

08/01/2013 (SBWire) - Malaysia sits as the world\'s second largest palm oil producer, and will set crude palm oil export tax for January at a 0% mark, according to a government report recently released. The move is said to be in a maneuver to bolster shipments of the grade and bring down the supply stock in the region.

08/01/2012 (Business Recorder) - Malaysian palm oil futures inched down on Monday, on track for a third consecutive session of losses, as investors remained cautious ahead of the release of export data this week which will provide clues about the demand outlook for the edible oil.

07/01/2013 (Borneo Post) - The US leaders succeed in budget talks and avert the auto-increase in citizens’ tax and spending cuts amounting US$600 billion.

07/01/2013 (Bloomberg) - Wilmar International Ltd. (WIL), the worst performing stock on Singapore’s Straits Times Index in 2012, may extend its slide this year as investors favor agricultural companies that rely less on trading.

07/01/2013 (Borneo Post) - Many times I have crossed the border to Indonesia to see the expansion of oil palm, which began in the days of the Dutch. Soon after independence, Sukarno had nationalised properties. But expansion began again in the 1980s and over the years many plantations opened up in Kalimantan Barat.