Archived News

19/12/2012 (Jakarta Post) - The Riau provincial administration has demanded that the central government permit the creation of a production-sharing fund from the palm oil industry as the province does not receive a fair share of the contribution the commodity makes it to the state’s coffers.

19/12/2012 (Bernama) - Asean, the 10-member regional grouping, and India have one of the highest economic growth potential in the world, making it an attractive economic powerhouse, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said today.

19/12/2012 (Hindu Business Line) - Spot imported palmolein rose by Rs 2 for 10 kg on Tuesday, while soyabean and sunflower oils ruled unchanged. Soya oil futures dropped by Rs 9 tracking weak overseas markets. Groundnut oil jumped by Rs 15 following a sharp rise in prices in Saurashtra. Rapeseed oil increased by Rs 3 and cottonseed refined oil dropped by Re 1. Poor demand kept volume subdued. Malaysian palm oil futures closed unchanged with range bound trading on Tuesday, with slowing export demand weighing at a time when inventory levels remain at record highs.

19/12/2012 (Financial Times) - The full palm oil storage tanks at the Chinese ports near Guangzhou and Shanghai are seriously bad news for small Indonesian farmers like Sugang Suprayetno.

19/12/2012 (Business Standard) - Crude palm oil remained weak for the second straight day and prices lost 0.44% to Rs 409 per 10 kg in futures trade today after speculators offloaded their positions amid a weak trend in domestic as well as overseas markets.

18/12/2012 (Reuters) - Malaysian palm oil futures inched up on Monday, riding on rival soybean oil's gains after U.S. soy crushing data sent soybeans to a six-week peak.

18/12/2012 (Minneapolis Star Tribune) - In recent weeks, activists have sought to bring heightened attention to the palm-oil industry and the impact of its supply chain, with accusations of denigrating rainforests and the habitats of orangutans ("Cargill can save the orangutan," Dec. 13).

18/12/2012 (Bloomberg) - Palm oil climbed for a second day on speculation that a plunge to the lowest price in more than three years last week and duty-free exports from Malaysia, the second- largest producer, will spur demand from importers.

18/12/2012 (The Star) - Domestic upstream oil palm players and regulators are now facing a tough challenge on how to address the extremely high palm oil stocks situation in the country.

18/12/2012 (Reuters) - What does one do with an industry that is highly profitable and promising for rural development, yet at the same time climatically culpable due to its association with deforestation?

18/12/2012 (Bloomberg) - Palm oil retreated on concern that stockpiles in Malaysia, the world’s second-largest producer, may remain near record levels as exports decline.

18/12/2012 (Bloomberg) - Malaysia will allow crude palm oil exports at zero duty in January as the world’s second-largest producer seeks to reduce record stockpiles that drove prices to a three-year low last week.