Archived News

05/04/2011 (Tempo Interaktif) - A reference price to determine crude palm oil (CPO) exit duties using local stock exchange is considered to be the best method. According to Fadhil Hasan, the Executive Director of the Indonesia Palm Oil Entrepreneurs, the exit duties could be determined by using a reference price based on the rupiah.

05/04/2011 (Live Trading News) - Palm oil futures rallied on Monday in Kuala Lumpur, an increase in prices of soyoil will increase demand for palm oil.

05/04/2011 (Business Times) - Sime Darby Bhd, the world’s biggest publicly traded palm oil producer, expects output of fresh fruit bunches to be “slightly higher” this year, according to a company official.

04/04/2011 (Business Times) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week driven by external influences, dealers said.

04/04/2011 (Reuters) - Norway\'s $550 billion sovereign wealth fund will keep investing in Southeast Asian oil palm planters but may exclude firms that severely damage the environment, a Norwegian finance ministry official said, as green groups step up their campaign against the industry.

04/04/2011 (Survival International) - Malaysia’s palm oil lobby has launched a new website to counter ‘propaganda’ about the controversial industry, which has faced strong criticism from Borneo tribes and international organizations.

04/04/2011 (Moneycontrol.com) - The World Bank on Friday lifted an 18-month global moratorium on lending for new palm oil investments, endorsing a strategy that focuses on supporting small farmers that dominate the sector.

04/04/2011 (Business Times) - The Southeast Asian plantation sector was cut to “underweight” from “market weight” at UOB- Kay Hian Holdings Ltd because palm oil prices are expected to peak in the first half of 2011 and weaken in the second half, according to a report today.

04/04/2011 (ICIS) - Asia C12 lauric acid prices may continue to soften on poor buying interest and amid falling values of feedstocks crude palm oil (CPO) and crude palm kernel oil (CPKO), market sources said on Monday.

01/04/2011 (Tempo Interactive) - The government will change its palm oil industry export strategy, from only exporting raw material to exporting processed products. “In the future, 60-70 percent will be exported in its processed form,” said Coordinating Minister for the Economy, Hatta Rajasa, yesterday.

01/04/2011 (Fiji Times) - Part Two: "Social and Environmental Impacts of Palm Oil".

01/04/2011 (India Infoline.com) - A leading exporter of palm oil-based products to Japan said the country's consumption of the cooking oil remains steady for now, despite the devastating earthquake and tsunami on March 11, but demand could potentially increase in the longer term. Japan consumes around 2.3 million-2.5 million tons of vegetable oils include soya oil, rapeseed oil and palm oil.