Archived News

21/12/2012 (Mongabay.com) - The body that sets social and environmental criteria for greener palm oil production has taken action against a palm oil accused of clearing community forest in Indonesian Borneo, reports the Environmental Investigation Agency (EIA).

21/12/12 (Bernama) - The commodity sector is expected to face uncertainty next year due to factors like high inventory (palm oil) and the developments in the global economy which will continue to influence prices and sentiment.

20/12/2012 (Reuters) - Malaysian palm oil futures inched lower for a second day on Wednesday as sluggish exports in the first half of the month fan concerns that stockpiles in the world's No.2 producer could hit another record high.

20/12/2012 (Bloomberg) - World production of oil from seeds is forecast to decline for the first time in 20 years on lower crushing of cottonseed, sunflower seed and rapeseed, industry researcher Oil World said.

20/12/2012 (Hindu Business Line) - Imported palmolein and soya refined oil declined sharply here on Wednesday tracking bearish Malaysian and Chicago markets.

20/12/2012 (Bangkok Post) - The National Oil Palm Policy Committee has insisted it is unable to guarantee a minimum palm nut price of 6 baht per kilogramme demanded by palm growers.

20/12/2012 (Bloomberg) - Palm oil dropped the most in a week on concern that exports from Malaysia, the biggest producer after Indonesia, may decline as buyers reduce purchases.

20/12/2012 (Economic Times) - India's palm oil imports in January are likely to rise to a record high after Malaysia, the world's No. 2 palm oil producer, fixed its crude palm oil (CPO) export tax for the month at zero percent, a senior Indian industry official said on Thursday.

20/12/2012 (Business Standard) - Palm oil import from Malaysia is set to surge, with the world’s second largest producer cutting the export tax effective January 1. Import of crude palm oil (CPO) for blending with other edible oils and its use for making soaps and detergents is likely to hit a record in the next two months, say observers.

20/12/2012 (Jakarta Globe) - Supporters of the Uud Dhanum Dayak tribe in West Kalimantan’s Sintang district have called on local authorities to declare their land a cultural conservation area, in a bid to protect it from a planned oil palm plantation.

19/12/2012 (Reuters) - Malaysian palm oil futures edged lower in rangebound trading on Tuesday, hurt by a slowdown in exports at a time when inventory levels remain at record highs.

19/12/2012 (Bloomberg) - Okomu Oil Palm Plc (OKOMUOIL) of Nigeria rose to the highest level in almost 11 weeks after Asset and Resource Management Co. started coverage of the stock with a buy recommendation.