Archived News

14/12/2012 (Bloomberg) - Palm oil slumped to a three-year low on speculation that shipments from Malaysia, the world’s second- largest producer, may decline for a second month.

14/12/2012 (The Nation) - The National Farmers Council yesterday urged the Internal Trade Department to inspect palm-oil factories suspected of unfairly lowering the price of ripe palm.

14/12/2012 (The Star) - Malaysian palm oil futures rebound on Friday from the previous day's three-year low but prices were still on course for the fourth straight weekly loss as worries persisted over record high stocks.

14/12/ 2012 (mongabay.com) - Palm oil is widely acknowledged as one of the most important drivers of deforestation and forest diminishment in Southeast Asia. Conversion of forests and peatlands for oil palm plantations is both a substantial source of greenhouse gas emissions and a major threat to biodiversity — one study called palm oil the "single most immediate threat to the greatest number of species".

14/12/2012 (Bernama) - KUB Malaysia Bhd's wholly-owned subsidiary, KUB Agrotech Sdn Bhd, is aiming for an additional RM130 million in annual revenue, upon completion of its new palm oil mill in Mukah, Sarawak.

14/12/2012 (Bernama) - Malaysia is expected to earn RM282.6 billion in export earnings from the commodity sector in 2020, says Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

13/12/2012 (Reuters) - Malaysian palm oil futures dropped to a one-month low on Wednesday, as forecasts for a higher supply of rival soybean oil stoked concerns of a global vegetable oil surplus.

13/12/2012 (Bloomberg) - The Standard & Poor’s GSCI gauge of 24 commodities climbed 0.4 percent to 634.52 at 5:49 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials climbed 0.3 percent to 1,581.065.

13/12/2012 (Bangkok Post) - Palm oil growers were preparing to end their rally after the government agreed to raise the price of palm nuts to five baht a kilogramme, report said on Wednesday.

13/12/2012 (2merkato) - The Ethiopian Privatization and Public Enterprises Supervising Agency of Ethiopia is to set up a new enterprise on palm oil refinery at projected cost of 401.1 million Birr. The refinery is to be built with the expectation that once completed the enterprise will have an annual production of 300,000 tons, as it stated by the officials of the Agency.

13/12/2012 (Equities.com) - By a News Reporter-Staff News Editor at Ecology, Environment & Conservation -- Investigators publish new report on Conservation Research. According to news reporting from Singapore, Singapore, by VerticalNews journalists, research stated, "Colombia is the fifth largest producer of palm oil in the world. The country's government and oil-palm farmers association target a sixfold increase of crude palm-oil production by 2020."

13/12/2012 (Business Recorder) - Global palm oil prices are likely to rise in early 2013 because of high export demand stimulated by current competitive palm prices compared to soyaoil, rapeseed oil and other edible oils, Hamburg-based analysts Oil World said on Tuesday. "We expect palm oil prices to appreciate in the next three months owing to the pick up in export demand, seasonally declining production and the resulting reduction in stocks," Oil World said.