Archived News
13-04-2011
Gov’t Starts Importing Palm Oil
Merchandise Wholesale & Trade Enterprise opens $17.8m dollar LCs to import oil from Malaysia.
13-04-2011
Burton’s Foods Sources 100% Segregated Sustainable Palm Oil
13/04/2011 (Talking Retail) - Burton’s Foods, a leading player in the UK biscuit market, today announces it has achieved its target to source 100% segregated palm oil two years ahead of schedule. Effective immediately, the Company is using segregated palm oil in the baking of all its products, meaning the sustainable supply can be fully traced from plantation to product.
13-04-2011
Indonesian Production To Push Down Palm Oil Price
13/04/2011 (Fresh Fruit Portal) - A leading palm oil analyst has told a conference in Beijing that increased Indonesian production will likely push down the crude palm oil (CPO) price to below US$994/MT (3,000MYR) in the coming months, Dow Jones newswires reported.
13-04-2011
\'Eco-friendly\' Biofuels May Do More Harm Than Good
13/04/2011 (Daily Mail) - The drive for ‘eco-friendly’ biofuels has backfired and may be contributing to climate change, says a report.
13-04-2011
Mitsui, Sime and Tenaga sign MoU
13/04/2011 (BioEnergy News) - In Malaysia, Japan-based Mitsui & Co. has signed a memorandum of understanding (MoU) with Sime Darby and power company Tenaga Nasional.
13-04-2011
PEC Invites Bids For Import of 22,554 Tonnes of Palmolien
13/04/2011 (MSN News) - State owned trading firm PEC has invited bids for the import of 22,554 tonnes of RBD palmolien for sale in the domestic market.
13-04-2011
South Korean Palm Oil Market to Continue Growth
13/04/2011 (Korea IT Times) - The South Korean palm oil market growth may take a boost given palm oil's versatility and attributes utilised for food and non-food purposes. "I am optimistic that palm oil used in households, oleochemical companies and South Korea's biodiesel industry will continue to increase," said Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok here Tuesday.
12-04-2011
Palm Oil May Slump Below 3,000 Ringgit Before Rebounding, Mistry Forecasts
12/04/2011 (Bloomberg) - Palm oil may drop to less than 3,000 ringgit a metric ton as output expands, before prices rally on growing use of soybean oil in U.S. biodiesel, Dorab Mistry, director of Godrej International Ltd., said today.
12-04-2011
CPO Prices On Uptrend Despite Higher Output
However, downcycle is expected in the second half of the year.
12-04-2011
Exports Steady Palm Oil Nerves After Stocks Rise
12/04/2011 (Agrimoney.com) - Firm export data helped steady palm oil prices on Monday, despite regulators saying that stocks of the vegetable oil in Malaysia had hit a three-month top, boosted by a bigger-than-expected recovery in production.
12-04-2011
NGOs Add New Twist To IOI-RSPO Issues
12/04/2011 (The Star) - While IOI Corp is busy clearing its name following a sanction by the Roundtable on Sustainable Palm Oil (RSPO) on allegations of land disputes and deforestation charges in Sarawak, environmental NGOs are equally hard at work to gain the support from major palm oil buyers to suspend their purchases from the plantation giant.
12-04-2011
OSK Denies Offering Palm Futures Scheme
12/04/2011 (Business Times) - OSK Investment Bank Bhd says that it has never at any material time, offered to the public, the Futures Crude Palm Oil (FCPO) investment scheme or any similar such financial arrangement.