Archived News

22/10/2012 (Bloomberg) - Palm oil climbed to the highest level in more than a week on speculation that China, the biggest cooking oil user, will boost imports and after soybeans rallied yesterday on signs of increasing demand for U.S. supplies.

22/10/2012 (Reuters) - The U.S. Environmental Protection Agency will visit Indonesia next week, officials said on Friday, in what may prove a crucial step in the battle to meet green standards and open up a potentially huge market for the world\'s top palm oil producer.

22/10/2012 (Hindu Business Line) - The edible oils market made further gains on Friday. Limited supply in ready and positive reports from the global marketskept sentiment firm in domestic market.

22/10/2012 (Bernama) - Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to move between RM2,300 and RM2,400 per tonne next week in cautious trading, dealers said.

22/10/2012 (Channel News Asia) - Joey Peneza plants palm trees on his farm in the southern Philippines with fresh optimism, buoyed by a peace pact he hopes will finally see the violence-plagued region prosper.

22/10/2012 (Business Recorder) - The Karachi Port handled 173,838 tonnes of cargo comprising 137,698 tonnes of import cargo and 36,140 tonnes of export cargo including 7,254 loaded & empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 137,698 tonnes comprised 51,734 tonnes of containerised cargo; 7,611 tonnes of general cargo; 18,353 tonnes of bulk cargo and 60,000 tonnes of oil/liquid cargo.

22/10/2012 (Bloomberg) - Palm, the world’s most-consumed cooking oil, is set to rally as much as 21 percent in the next eight months as a pickup in global demand and a decline in output reduce record stockpiles, according to Sime Darby Bhd. (SIME)

22/10/2012 (Economic Times) - About two decades ago, palm oil emerged as the cheapest source of edible oil and has been garnering a lot of attention since then. Currently, it is the largest produced, consumed and traded edible oil in the global markets. Not only is it competitively priced compared with other major oilseeds, but it also has the highest yield.

22/10/2012 (Jakarta Post) - Local officials, palm oil businessmen, environmental organizations and scientists are scheduled to meet a visiting delegation from the US Environmental Protection Agency (EPA) next week, a move that may prove Indonesia’s claim that it has made the effort to meet green standards in expanding oil palm plantations and provide a new opportunity to tap into the world’s biggest energy market.

19/10/2012 (Reuters) - Malaysian palm oil futures climbed on Thursday, fuelled by gathering concern over floods in key growing regions curbing output and a slew of economic data from the United States and China that showed global growth trends were intact.

19/10/2012 (Reuters) - An Indonesian businessman is leading a bid to buy one of the country's largest palm oil plantations in a deal worth up to $1.3 billion, documents detailing the transaction show.

19/10/2012 (Bernama) - Moody's Investors Service described Malaysia's move to reduce palm oil tax as credit positive for the industry.