Archived News

10/08/2010 (The Star Online) - INDONESIA’S taking over Malaysia as the world’s largest crude palm oil (CPO) producer in 2006 had often been associated with the mammoth size of the oil palm planted areas.

10/08/2010 (Bloomberg) - Palm oil may tumble by as much as 5 percent this week as the commodity is “extremely overbought” after gains on speculation La Nina may hurt harvests in the biggest producers and on drought damage to Russia’s grain crop.

10/08/2010 (The Star Online) - INDONESIA’S taking over Malaysia as the world’s largest crude palm oil (CPO) producer in 2006 had often been associated with the mammoth size of the oil palm planted areas.

10/08/2010 (Reuters) - India will buy $1.5 billion in Argentine soyoil in 2010, almost three times more than last year, the Indian Ambassador to Buenos Aires said on Monday, indicating the Asian country will continue easing the impact of a Chinese boycott of Argentine soyoil.

09/08/2010 (Reuters) - Indonesia may propose palm oil plantations be eligible to earn carbon credits under a U.N.-backed scheme aimed at preserving forests, a forestry ministry official said on Monday.

06/08/2010 (Bloomberg) — Palm oil harvesting in Malaysia, the world’s second-biggest producer, may be disrupted in November and December as the La Nina weather event causes flooding in major growing areas, the country’s state forecaster said.

06/08/2010 (Dow Jones), Kuala Lumpur - India, the second-largest vegetable oils consumer after China, may purchase more palm oil in the next two months than soyoil, as palm oil''s discount has widened, a Mumbai-based trading executive said Friday.

05/08/2010 (Asian Trends Monitoring), Indonesia - Palm oil giant Sinar Mas Agro Resources and Technology, accused by green groups of clearing valuable forest, aims to expand its plantations by 50,000 hectares a year, the company’s president director said on Thursday.

05/08/2010 (Bloomberg) - Pakistan, the world’s third-biggest importer of palm oil, will increase purchases of the vegetable oil and rapeseed from overseas this year as demand climbs during the holy month of Ramadan, a refiners’ group said.

05/08/2010 (The Star Online), Kuala Lumpur - Malaysia has a strong case against the European Union’s Renewable Energy Directive’s (EU RED) requirements for palm oil use as biofuel should it file a discrimination claim to the World Trade Organisation (WTO), said European Centre for International Political Economy director Fredrik Erixon.

04/08/2010 (Agrimoney.com) - Would Turnaround Tuesday lead on to Wobbly Wednesday? Not in early deals, with wheat picking itself up from its first negative close in a week to get back on the offensive.

04/08/2010 (Press Trust of India) - Select edible oil prices rose by Rs 20 per quintal in the wholesale oils and oilseed market today on buying by vanaspati units amid firming global trend.