Archived News

25/09/2012 (The Star) - Crude palm oil (CPO) futures tumbled to a two-year low of RM2,577 per tonne in late morning on Monday.

25/09/2012 (Borneo Post) - Miri-based oil palm plantation Mega Jutamas’ quest to produce the best oil palm seedlings through good agricultural practices has been rewarded with the highest recognition by Malaysian Palm Oil Board (MPOB), thus setting the benchmark for the industry in the state.

25/09/2012 (Hindu Business Line) - Faced with steady erosion in margins on sale of its flagship vanaspati (hydrogenated vegetable oil) products, Kolkata-headquartered Rasoi Ltd plans to shore up its edible oil production.

25/09/2012 (Reuters) - Shares of Wilmar International Ltd jumped more than 2 percent after the palm oil firm entered into a joint venture with U.S. cereal maker Kellogg Co to expand in China's fast-growing breakfast and snack foods market.

25/09/2012 (AgriMoney.com) - Palm oil prices, which plunged nearly 2% to a two-year low on Monday, are poised to recover, commentators said – but differed on the timescale, with ANZ saying a revival may take until late this year.

25/09/2012 (Jakarta Globe) - The rapid expansion of palm oil plantations and mining operations in East Kutai district in East Kalimantan has resulted in some 800 hectares of farmland falling into neglect as farmers opt to work in palm oil and mining.

24/09/2012 (Reuters) - Palm oil prices will fall further this year as slowing economic growth reins in demand for biofuel production, leading to higher stocks at top producers Indonesia and Malaysia, an industry meeting concluded on Sunday.

24/09/2012 (Bloomberg) - Palm oil, used in everything from candy to biofuels, is set for the biggest annual decline in four years as inventories surge in Indonesia and Malaysia, the biggest producers, and a global economic slowdown curbs demand.

24/09/2012 (Reuters) - Palm oil prices are "sizeably undervalued" in comparison with soyoil and the discount is unlikely to be sustained as lower prices will prompt importers to buy more palm oil, a top world oils analyst said on Sunday.

24/09/2012 (Bloomberg) - Palm oil, the world’s most-used cooking oil, is poised to tumble to a two-year low as inventories surge in Indonesia and Malaysia, the biggest producers, and a global economic slowdown curbs demand.

24/09/2012 (Financial Times) - Beside a river in northern Liberia, a dozen women scoop soil into small black planting bags. Behind them, stretching towards the horizon, are the fruits of their labours – tens of thousands of young oil palms.

24/09/2012 (Reuters) - India's 2012/13 edible oil imports could rise 4.2 percent to a record high, with palm oil cornering the bulk of that, a Reuters poll showed, as the world's second most populous country fails to raise output quickly enough to meet demand from a growing middle class.