Archived News

07/03/2010 (The Hindu, Business Line) - Record global output of oilseeds and in turn vegetable oil, huge projected ending stocks, a world still struggling to come out of recession (despite nascent recovery signals), a firm US dollar and tightening monetary policy have all combined to pressure the global vegetable oil market.

07/03/2010 (The Jakarta Globe) - Indonesia and Malaysian palm oil producers have agreed to jointly tackle challenging environmental and labor issues which threaten to hinder the development of the industry in both countries.

06/03/2010 (The Malaysian Insider), Shah Alam - Cash palm oil products should start widening their discount to soyoil as Malaysian palm oil futures have not fully taken into account prospects of higher supplies, a top analyst said on Saturday.

06/03/2010 (Bernama), Jakarta - Six bodies representing palm oil producers and exporters from Malaysia and Indonesia have agreed to cooperate to jointly tackle issues related to palm oil, particularly those raised by non-governmental organisations (NGOs).

06/03/2010 (The Star Online) - SETTLERS, the backbone of the Felda group’s dynamic success, are now looking at sharpening their entrepreneurial skills based on their long partnership with Felda group in developing oil palm and rubber plantations under the various land schemes nationwide.

06/03/2010 (The Star Online) - Contrary to expectations, the listing of the giant group may not happen soon.

06/03/2010 (Daily Times,Pakistan), Jakarta - A move by Unilever to stop buying palm oil from Indonesia’s top supplier Sinar Mas and to blacklist another supplier PT Duta Palma was “unfair”, Indonesian Agriculture Minister Suswono said on Friday. Green campaigners and consumers have turned up the heat on European firms such as Unilever, saying these companies’ palm oil suppliers are responsible for deforestation and peatland clearence that can speed up climate change. “If there is a dispute we should ask an independent to judge objectively what was the weakness. A unilateral decision by Unilever I think is unfair,” the minister told reporters. Unilever, the world’s top palm oil buyer, blacklisted Duta Palma last month, after previously halting a $33 million supply contract with Sinar Mas unit PT SMART.

06/02/2010 (The Malaysian Insider), Shah Alam — Cash palm oil products should start widening their discount to soyoil as Malaysian palm oil futures have not fully taken into account prospects of higher supplies, a top analyst said on Saturday.

08/03/2010 (Reuters), Kuala Lumpur - The world\'s two most traded vegetable oils, palm and soy, are in a bull phase 45-month price cycle and may go higher on tight supplies and growing demand, a top analyst said.

05/03/2010 (The Star Online), Kuala Lumpur - Malaysia’s palm oil futures jumped as much as 1.9% to two-month highs yesterday as traders took positions ahead of a key industry conference due next week, expecting a flow of bullish news.

05/03/2010 (Solomon Times Online) - The Minister of Agriculture and livestock Development, Selwyn Riumana told the new Malaysian High Commissioner to Solomon Islands, Madame Blanche Olbery, of the massive investment opportunities in the Oil Palm Industry.

05/03/2010 (Interactive Investor) - Palm oil is a controversial subject for investors as the prospect of decent returns from this fast-growing area is offset by environmental concerns.