Archived News

07/03/2013 (This Dish Is Veg) - The photo is heartbreaking. A frightened baby elephant anxiously nuzzling its mother\'s lifeless body, trying in vain to wake her. No, the adult elephant didn\'t die of natural causes. Nor was she killed by poachers for her ivory tusks. What has turned elephant calves into orphans and left entire elephant families decimated is much more mundane, but no less tragic: palm oil.

06/03/2013 (Reuters) - Malaysian palm oil futures ended flat in thin volume on Wednesday, with investors digesting price forecasts by top analysts at the industry\'s biggest annual gathering to determine their strategies.

06/03/2013 (The Star) - Malaysian government official said his country will draft a new labelling strategy to reassure consumers in the EU.

06/03/2013 (The Star) - The Malaysia Palm Oil Council (MPOC) expects crude palm oil (CPO) price for this year to trade between RM2,500 and RM3,200 a tonne.

06/03/2013 (Bloomberg) - European Union palm oil imports may climb to a record this season as supplies of oil made from soybeans and sunflowers decline, Oil World said.

06/03/2013 (Bloomberg) - Palm oil fell on speculation that rising global oilseed stockpiles may curb demand for the tropical oil, expanding inventories in top producers.

06/03/2013 (Scoop.co.nz) - The petition calling on the government to tighten weak palm oil labelling laws has attracted 1000 signatures in the first week since its launch at Auckland Zoo last Wednesday.

06/03/2013 (Hindu Business Line) - With high oil yields and land-use efficiency, palm oil contributes significantly to the world’s oils and fats market, accounting for 10 per cent or 18.8 million tonnes out of 185 mt produced globally; yet this oil has become the target of criticism mainly from the developed countries where high production costs and low yields have made their own oilseeds uncompetitive, Tan Sri Bernard Dompok, Malaysia’s Minister of Plantation Industries and Commodities, said. He was addressing over 1,200 strong participants from across 50 countries at the inaugural ceremony of Palm and Lauric Oils Conference Price Outlook for 2013-2014 here on Tuesday.

06/03/2013 (Bloomberg) - Palm oil producers including Indonesia and Malaysia may need to find new uses for the world’s most-consumed edible oil to absorb the biggest-ever supplies and reverse a slump in prices, according to Frost & Sullivan.

06/03/2013 (Reuters) - Several palm oil refineries have slowed operations and some plan to halt output if a Malaysian military attack on an armed Filipino group on Borneo island drags on, potentially disrupting supply of the edible oil to China.

06/03/2013 (Bloomberg) - Palm oil stockpiles in Malaysia, which held near a record in January, probably shrank by the most in 10 months in February as output declined in the second- largest supplier, according to a Bloomberg survey.

06/03/2013 (Bloomberg) - Palm oil swung between gains and losses as investors weighed concerns that stockpiles in Malaysia, the second-largest producer, may remain near record levels against expectations of rising demand.