Archived News

04/05/2012 (Reuters) - Malaysian palm oil futures extended losses to a six-week low on Thursday, as disappointing economic data from the United States and Europe cast doubts on global economic recovery and commodity demand.

04/05/2012 (Bernama) - Sandakan will once again play host to Malaysia's largest palm oil exhibition, PALMEX Malaysia 2012, amid its growing prospects and importance in the country's oil palm industry.

04/05/2012 (Jakarta Post) - In a much-anticipated move, Indonesia has become the world’s biggest sustainable palm oil producer for the first time on the back of greater certified sustainable palm oil (CSPO) production, overtaking Malaysia, an international multi-stakeholder certification body says.

04/05/2012 (Hindu Business Line) - Imported palmolein extended its gain by Rs 3 for 10 kg on Thursday despite Malaysian palm oil futures slipping to a six-week low on Thursday. Rapeseed oil rose by Rs 2. Groundnut oil, soya oil, sunflower and cottonseed oil were unchanged in absence of fresh demand.

04/05/2012 (The Star) - Crude palm oil (CPO) futures for third-month delivery fell to a six-week low in late afternoon trade on Thursday.

04/05/2012 (Wall Street Journal) - The Malaysian government Thursday said Felda Global Ventures Holdings Bhd. is seeking to offer MYR4.65 a share to indigenous Malaysians ahead of the palm-oil plantation company's initial public offering, a deal if successful will make the more than $3 billion IPO the world's second largest offering so far this year after Facebook Inc.

04/05/2012 (Researchandmarkets) - Indonesia is one of the world's largest producers of palm oil and the industry has been the economy's most valuable agricultural export sector for the last decade. The attractive returns, strong demand and high prices of palm oil in the international market have encouraged investment in the Indonesian palm oil industry, resulting in significant rural economic development and poverty alleviation.

04/05/2012 (SunHerald.com) - Research and Markets has announced the addition of the "Indonesia Palm Oil Industry 2H11" report to their offering.

03/05/2012 (Reuters) - Malaysian palm oil futures edged lower on Wednesday as expectations of higher production offset strong exports and an uptick in global economic activity.

03/05/2012 (Reuters) - Palm oil declined for a second day, dropping to the lowest level in more than a month, after a U.S. government report showed that farmers accelerated soybean planting, easing concerns about dwindling cooking-oil supplies.

03/05/2012 (Borneo Post) - Keresa Plantations Sdn Bhd (Keresa Plantations), a local oil palm player is targeting 142,000 metric tonnes (mt) of fresh fruit bunches (FFB) from its own estates this year on the back of implementation of Roundtable Sustainable Palm Oil (RSPO) practices along with contribution from participating smallholders.

03/05/2012 (Business Recorder) - European vegetable oil prices mostly eased on Wednesday on fears the slowing economy could lead to reduced demand and expectations for higher palm oil production in April.