Archived News

16/11/2012 (Reuters) - Buyers from China, the world's second largest importer of palm oil, are rushing to stock up on the refined variant in the last quarter of this year before stricter quality measures set by Beijing take effect on Jan. 1 next year, traders said.

16/11/2012 (The Star) - India's imports of refined palm oil fell sharply in October from the previous month, as an import duty hike aimed at protecting the local refining industry from cheaper Indonesian supplies of the edible oil took effect.

16/11/2012 (Huffington Post) - Palm oil is an ingredient in half of all products sold in grocery stores throughout the United States. To supply the massive demand for this ostensibly cheap oil, rainforests from Brazil to Borneo are destroyed by industrial clear-cutting and strategic burning, to create arable land for homogenized palm tree plantations. Often, these plantations in developing tropical nations are run by multi-national corporations that exploit farmers and laborers, trample native land rights, and do nothing to improve workers' communities or standard of living. In Borneo, this practice of industrial palm oil production is destroying the last remaining natural orangutan habitats. Around the world, the slash-and-burn approach to natural resources is destroying precious ecosystems to the point of mass extinction. Ultimately, this system is bound to collapse.

16/11/2012 (Borneo Post) - Crude palm oil (CPO) exports have shown positive developments with a real pickup in the month of October after hitting the lowest turning point in July this year.

16/11/2012 (Hindu Business Line) - An apparent lacklustre mood is prevailing in the coconut oil market in Kerala and Tamil Nadu with prices remaining more or less steady.

16/11/2012 (Hindu Business Line) - The bullish trend continued in edible oils market on Thursday, tracking firm futures markets and signs of recovery.

16/11/2012 (Bernama) - Palm oil prices are expected to recover in the near term to between RM2,600 and 2,800 per metric tonne, driven by higher exports.

16/11/2012 (The Star) - The French senate approved on Wednesday the so-called Nutella amendment that would quadruple the tax on palm oil, a key ingredient in the chocolate spread, to discourage consumption of the oil rich in saturated fat.

16/11/2012 (Borneo Post) -The financialisation of the commodity market is generally beneficial as it provides a means for the transfer of price risks from hedgers to speculators.

16/11/2012 (The Star) - Land Development Minister Tan Sri Dr James Masing has claimed that the French legislature’s proposal to increase tax on palm oil by 300% was influenced by economic rivalry, and not by health issues.

14/11/2012 (The Star) - The Malaysian Palm Oil Council has slammed a French legislature’s proposal to increase tax on palm oil by 300%.

14/11/2012 (CosmeticsDesign-Europe.com) - Growing demand for personal care products in Ghana and Nigeria is triggering increased demand by local manufacturers for crude palm oil, according to a new report from market research company Frost & Sullivan.