Archived News

01/08/2012 (Farm Focus) - A biodiesel plant in Dalhousie, New Brunswick could benefit the Maritime agricultural industry.

01/08/2012 (Reuters) - Global commodities trading giant Cargill Inc said on Tuesday a group of employees at its vegetable oils trading desk in Singapore had left the company but daily business operations remained unaffected.

01/08/2012 (Hindu Business Line) - The edible oils market witnessed a mixed trend on Tuesday due to need-based demand and thin volumes. Imported palmolein increased by Re 1, cotton refined oil up by Rs 3, groundnut oil edged by Rs 10 and rapeseed oil improved by Rs 7 for 10 kg. Soyabean refined oil dropped by Rs 3, tracking bearish sentiment at producing centres.

01/08/2012 (Bangkok Post) - Thailand is being urged to adopt the Roundtable on Sustainable Palm Oil (RSPO) standard for the palm oil and biofuel industries, an initiative aimed at promoting the growth and use of sustainable oil palm products through credible global standards and engagement of stakeholders.

01/08/2012 (Reuters) - Malaysian crude palm oil edged lower on Tuesday, posting its third successive monthly loss, as weak July exports offset a downgrade of soy crop conditions by the U.S. Department of Agriculture that fed fears of tighter global oilseed supplies.

01/08/2012 (Bangkok Post) - Draft legislation regulating Thailand's palm oil industry covering all parties from upstream to downstream businesses is almost ready, says Krisada Chavananand, chairman of the Federation of Thai Industries' palm oil industry club.

01/08/2012 (The Star) - Plantation companies with crude palm oil (CPO) export licence will soon be issued with an additional two million tonnes of duty-free CPO export quota by the Government, said an industry source.

01/08/2012 (Pattaya Mail) - The Cabinet has agreed to spend 24 million-baht emergency budget to import 10,000 tons of palm oil and compensate the Public Warehouse Organization for its expected profit loss caused by the import of another 20,000 tonnes of palm oil in the near future.

01/08/2012 (Business Times) - Malaysia, in allowing more exports of duty-free crude palm oil (CPO) and remaining indifferent towards the plight of palm oil refiners here, may be risking the loss of further investment and talent in its oleochemical, specialty fat and biodiesel sectors.

01/08/2012 (Bloomberg) - Okomu Oil Palm Plc (OKOMUOIL), a Nigerian producer of the kernels, fell for the first time in more than three weeks after reporting a 14 percent drop in first-half profit.

01/08/2012 (The Sun Daily) - Analysts see the move to raise the country's tax-free crude palm oil (CPO) shipping quota this year as positive for upstream players but negative for the downstream sector due to tighter CPO supplies.

31/07/2012 (Bloomberg) - Palm-oil shipments from Indonesia, the largest producer, may have climbed 23 percent in July from a month earlier as companies took advantage of a lower export tax to book cargoes and demand rose ahead of a Muslim festival.