Archived News

19/10/2012 (Reuters) - U.S. agribusiness Archer Daniels Midland Co and Wilmar International Ltd, the world's largest listed palm oil producer, said on Thursday they completed regulatory approvals for a partnership in the global fertilizer and European vegetable oil sectors.

19/10/2012 (PublicServiceEurope.com) - If the EU is to achieve its aim of ensuring 'truly sustainable' biofuels, it needs to look beyond greenhouse gas emissions and act to protect local people and the environment, say researchers.

19/10/2012 (Oxford Business Group) - The signing of a peace agreement between the Philippines government and separatist rebels on the island of Mindanao may result in significant social and economic benefits, including a much-needed boost to the agriculture sector, which has long lagged behind regional rivals.

19/10/2012 (New Europe) - Greenpeace welcomes the European Commission’s decision to finally recognize the severe side-effects of biofuels made from palm oil, rapeseed and soybeans and other food crops, however, it says that its long-awaited proposal to clean up Europe’s biofuels policy is less than effective. It also calls the Commission to revise it immediately as to respond to the full climate change impact of biofuels.

19/10/2012 (Hindu Business Line) - Edible oils extended gains on tight supply on Thursday. Improved local demand ahead of Dussehra pushed up groundnut, sunflower and rapeseed oils by Rs 5 for 10 kg each. Cottonseed refined oil increased by Rs 2 for 10 kg, while imported soyabean oil and palmolein edged up by Rs 5 and Rs 2 each tracking firm futures. Stockists bought palmolein for forward delivery, while volume in the ready market remained subdued. Higher closing of Malaysian palm oil futures pushed up the sentiment in the physical market, said market sources.

18/10/2012 (Reuters) - Malaysian palm oil futures ended higher in rangebound trade on Wednesday, as rising exports offset analyst expectations that the market will fall further on high stocks.

18/10/2012 (The Star) - Moody's Investors Service views Malaysia's decision to reduce the crude palm oil (CPO) export tax as credit positive for the industry but sees downward pressure on CPO prices until the reduced rate takes effect on Jan 1.

18/10/2012 (BERNAMA) - Peru's Agroideas programme will encourage crop production restructuring in the Ucayali region through palm oil production, which has become an important business option.

18/10/2012 (Bloomberg) - Palm oil advanced for a second day to the highest level in almost one week after China, the world’s largest consumer of cooking oils, showed signs of recovery as industrial production and retail sales accelerated in September.

18/10/2012 (Link2portal.com) - A policy U-turn by the European Commission, on the indirect effects on land use and greenhouse gas emissions caused by biofuels, has managed to upset almost all parties.

18/10/2012 (CosmeticsDesign-Europe.com) - Ingredients supplier Gattefossé has announced its objective for 2012 is to have 100 per cent of its Personal Care ingredients using palm oil and palm kernel oil derivatives, being RSPO Book & Claim compliant.

18/10/2012 (Jakarta Post) - The 27th Trade Expo Indonesia began at the Jakarta International Expo in Kemayoran on Wednesday with local businesspeople expecting to attract a sizeable number of new overseas buyers amid the decline in the country’s exports.