Archived News

13/12/2012 (The Express Tribune) - Pakistan is the third largest importer of processed and unprocessed palm oil products, yet higher tariffs have resulted in less than 50% utilisation of capacity in Pakistani refineries, Pakistan Edible Oil Refiners Association (PEORA) Vice Chairman A Rasheed Janmohammed said on Tuesday.

13/12/2012 (Financial Express) - Indian soyoil futures fell more than 1 percent on Wednesday, tracking losses in rival Malaysian palm oil and due to a rise in supplies in local spot markets, boosted by a pick-up in soybean crushing.

12/12/2012 (The Nation) - Factories are now paying Bt2.5 per kilogram for palm oil. The farmers say it costs them Bt4 just to produce the oil.

12/12/2012 (Reuters) - Malaysia will set a tax rate for the export of crude palm oil for January by using the average sales price from Nov. 10 to Dec. 9 as the reference price, a government source said, a level that analysts said could result in zero tax.

12/12/2012 (Reuters) - Malaysian palm oil futures ended lower on Tuesday, as traders priced in record stocks in the world's second-largest producer of the edible oil.

12/12/2012 (NST) - Palm oil millers in Sarawak, citing rising cost in doing business, will raise their processing fees from RM45 to RM50 per tonne of fresh fruit bunch (FFB) from Jan 1.

12/12/2012 (Business Recorder) - If the already signed Preferential Trade Agreement (PTA) with Indonesia is implemented, it would further benefit the edible oil sector of the country. The sector like others was benefited by the Free Trade Agreement (FTA) signed with Malaysia. To reduce the price of edible oil for consumers, the heavy duties on the commodity is needed to be reduced.

12/12/2012 (Bangkok Post) - The Commerce Ministry is proposing to take 30,000 tonnes of crude palm oil a month off the market to shore up the price of fresh palm nuts.

12/12/2012 (Leadership Newspapers) - The recourse to agriculture as economic and social empowerment for the grassroots women in Kogi State is a sort of paradigm shift. How far the new initiative of the Kogi State first Lady, Hajia Halima Ladi Wada to empower rural women through mechanized palm oil production can go in enhancing their standard of living from the endemic poverty that had ravaged this important segment in the state for decades remain to be seen.

12/12/2012 (Indian Express) - Crude palm oil prices fell by Rs 2.20 to 411.50 per kg in futures trade today as speculators reduced their exposures largely on subdued spot demand.

12/12/2012 (Minneapolis Star Tribune) - Until recently, one could be forgiven for not being aware of the direct connection between the consumption of palm oil and the imminent threat of extinction facing orangutans in Indonesia. But for companies like Cargill that are at the center of this controversy, this excuse is running out.

12/12/2012 (Bernama) - Palm oil stocks rose 2.3 per cent to 2.56 million tonnes last month from 2.51 million tonnes in October, the Malaysian Palm Oil Board (MPOB) said today.