Archived News

08/03/2013 (FoodNavigator.com) - The Roundtable on Sustainable Palm Oil (RSPO) has unvieled a new support fund to help oil palm smallholders around the world.

08/03/2013 (MoneyControl.com) - Emkay Commodity Research has come out with its report on Crude Palm Oil (CPO). The research firm says MCX CPO March is expected to trade sideways to lower towards Rs 452 followed by Rs 447 levels in near term. Any intraday gains could cap at 465 levels.

08/03/2013 (Carbon Brief) - A committee of MPs approved new subsidies for bioenergy yesterday, despite controversy over the environmental impact of the fuels. Many academics appear convinced that generating power from some biofuels like palm oil may result in emissions going up rather than down. But are concerns about the sustainability of biofuels \"bourgeois\" when the country faces the challenge of keeping the lights on?

07/03/2013 (Reuters) - Malaysian palm oil futures rose to a one-week high on Thursday, drawing support from expectations of a bullish industry report and a lower palm oil inventory level, although gains were curbed by investor caution.

07/03/2013 (Bloomberg) - India, the world’s largest cooking oil consumer after China, is poised to increase taxes on imports at least twice this year to protect oilseed growers, according to Dorab Mistry, director at Godrej International Ltd.

07/03/2013 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) said its palm oil refineries in Sabah are still in operation.

07/03/2013 (Bernama) - Malaysia-Vietnam bilateral trade increased significantly last year, rising by 25.3 per cent to reach US$9.03 billion, said the Ministry of International Trade and Industry (MITI).

07/03/2013 (Philippine Information Agency) - The Department of Energy (DOE) will be implementing a feasibility study on the use of secondhand vegetable oil to power vehicles in the country.

07/03/2013 (Ukr Agro Consult) - Rapidly declining growth in the global biodiesel market is set to continue in the coming years, which will further hit the profits of palm oil producers, who are already suffering at the hands of sliding prices.

07/03/2013 (Sky News) - The deaths of thousands of orangutans amid widespread environmental degradation have been laid at the door of the oil palm industry.

07/03/2013 (The Star) - Renowned commodity trader Dorab Mistry expects the price of the local crude palm oil (CPO) to turn volatile during the upcoming general election period, with the CPO futures on Bursa Malaysia Derivatives trading at RM2,300 to RM2,500 per tonne until end-April before turning more bearish to possibly hit RM2,200 per tonne in the second quarter.

07/03/2013 (Bloomberg) - Palm oil declined for a third day on concern that near-record high stockpiles in Malaysia, the world’s second-largest producer, will further curb prices.