Archived News

17/12/2012 (Business Standard) - The palm oil market has entered a bearish trend, with prices falling 30 per cent in the past four months and all indicators suggesting a further decline.

17/12/2012 (Borneo Post) - The HSBC Holdings Plc reported its China’s purchasing manager index at 50.9 in December and higher than prior month.

15/12/2012 (Reuters) - Malaysian palm oil futures rebound on Friday from the previous day's three-year low but prices still posted their fourth consecutive weekly loss as worries persisted over record high stocks.

15/12/2012 (IRINnews.org) - Clearing a rainforest for palm oil plantation. Opponents say the costs outweigh benefitsYAOUNDE, 14 December 2012 (IRIN) - Campaigners opposed to a large palm oil plantation in a rainforest covering part of the Korup National Park in southwestern Cameroon say up to 45,000 people risk losing their livelihoods if the project proceeds.

15/12/2012 (The Star) - The price of commodities, especially palm oil, is expected to stabilise when a programme aimed at addressing the decline is introduced next month.

15/12/2012 (UkrAgroConsult) - A strategy paper from RHB Research has suggested that palm oil prices will recover from their current depressed level in 2013 but on average be lower than that seen in 2012.

15/12/2012 (Mongabay.com) - An Indonesian environmental group has taken the unusual step of asking to be named as a co-defendant in a case brought against the Aceh government by a palm oil company over the governor's decision to cancel a controversial concession in a peat forest on the island of Sumatra.

15/12/2012 (Bernama) - The East Coast Economic Region (ECER) has attracted a staggering RM37 billion investments between 2007 and last month, Prime Minister Datuk Seri Najib Tun Razak said.

15/12/2012 (Hindu Business Line) - Stockists covered about 2,800-3,000 tonnes of palmolein during the day considering the low price compared with other oils.

15/12/2012 (Business Recorder) - India's cooking oil imports fell by a third in November from the previous month, a trade body said on Thursday, largely due to a drop in purchases of palm oil, as cold weather makes the commodity unusable and volatile prices deterred buyers.

14/12/2012 (Reuters) - Malaysian palm oil futures fell on Thursday to their lowest in more than three years, as record stocks and concerns that U.S. fiscal woes might drag on global growth spooked investors.

14/12/2012 (Bloomberg) - Palm, the world’s most consumed cooking oil, tumbled to the lowest level in more than three years amid record inventories in Malaysia and on signs that global supplies will be more than enough to meet demand.