Archived News

01/02/2013 (Hindu Business Line) - Groundnut oil rose by Rs 5 for 10 kg on Thursday despite heavy selling in Saurashtra, where it fell by Rs 10. Sunflower expeller oil and cottonseed refined oil declined by Rs 5 and Rs 2 for 10 kg each. Palmolein, soyabean oil, sunflower oil and rapeseed refined oil ruled unchanged despite lack of demand.

01/02/2013 (Reuters) - Indonesia's agriculture ministry backs a move by East Kalimantan to impose a forest moratorium in the province, an official said on Friday, in what may signal a softening in the department's opposition to extending the nationwide forest destruction ban.

01/02/2013 (Business Standard) - Oil palm plantations often impose environmental and social costs due to indiscriminate forest clearing leading to habitat loss of threatened and endangered species and disregard for the rights and interests of local communities in these countries, the report says.

01/02/2013 (Hindu Business Line) - The Government has hiked the tariff value or base import price for most edible oils including RBD palmolein and crude soya oil in line with rise in global prices.

31/01/2013 (WorldPressOnline) - Lonza today announced membership in the Roundtable on Sustainable Palm Oil (RSPO), an international organization of growers, processors, traders, non-governmental organizations, investors, retailers and consumer goods manufactures working together to ensure that uses of palm oil are managed sustainably.

31/01/2013 (Reuters) - Malaysian palm oil futures jumped on Thursday to their highest in more than three months, supported by better-than-expected exports and concerns over dry weather in key soy-producing areas in Argentina.

31/01/2013 (Hindu Business Line) - Sentiment in edible oils market turned better on Wednesday tacking extended gain in Malaysian and domestic futures markets. Despite that spot prices for most of oils remains unchanged. Palmolein, Soyabean, Cotton and Sunflower oils rule steady while Groundnut and rapeseed oil drop by Rs5 and Rs3 each. Late evening there was talk of government may further increase the import duty of edible oils to protect the local industry said sources.

31/01/2013 (Reuters) - Growing palm oil trees to make biofuels could be accelerating the effects of climate change, new research showed on Wednesday, adding further weight to claims the crop is not environmentally sustainable.

31/01/2013 (MoneyControl.com) - Geojit Comtrade has come out with its report on Gur, Crude Palm Oil (CPO) and Refind Soy Oil. According to the research firm, one can buy Gur above Rs 1120, CPO on dips and refined Soy Oil above Rs 741.

31/01/2013 (Bloomberg) - Palm oil exports from Malaysia, the second-largest producer, fell 7 percent in January from December, with the pace of decrease slowing as the month progressed amid a zero duty on shipments, according to data from Intertek today.

31/01/2013 (Daily Times) - Palm oil imports witnessed sharp decline of 18.92 percent during the first half of the current fiscal year as against the same period of last year.

31/01/2013 (Bloomberg) - Palm oil rallied to the highest level in more than three months on speculation that Malaysian stockpiles will drop from a record as a zero export tax lures buyers away from Indonesia, the world’s largest producer.