Archived News

16/03/2010 (The Financial Express), New Delhi - India's vegetable oil imports in February fell 8% to 700,769 tonne from a year ago as higher purchases in the previous months pushed up port stocks, the Solvent Extractors Association of India (SEA) said on Monday.

15/03/2010 (Guardian.co.uk) - The head of operations for Nestlé Jose Lopez has told Guardian Sustainable Business that he expects to eliminate all traces of palm oil from Sinar Mas from its supply chain by mid-May, providing the allegations by Greenpeace linking the company to deforestation stand up.

15/03/2010 (Bloomberg), Singapore - Palm oil dropped for a third day to the lowest level in almost two weeks as crude oil fell and on concerns record soybean supplies from South America will reduce the need for substitutes.

15/03/2010 (Bloomberg) - Palm oil fell a third day, tracking crude oil, and on concerns over higher soybean supplies from the South American harvest, reducing the need for substitutes.

15/03/2010 (Reuters) - Palm oil output that does not cut down forests and harm wildlife may double to 3 million tonnes by the end of this year as benchmark Malaysian prices steadily rise, an industry official said on Monday.

15/03/2010 (Reuters) - A windfall tax on Malaysian palm oil earnings that kicked in from November last year has capped gains as buyers see it as a signal to slow purchases, a top industry official said on Monday.

14/03/2010 (Bernama), Kuala Lumpur - Malaysian palm oil refineries should venture into more downstream value-added products to remain profitable, said Felda Vegetable Oil Products Sdn Bhd Chief Executive Officer Ismail Hasan.

13/03/2010 (Spero News), Bangkok - In Southeast Asia, millions of people are likely to remain without water for the drought caused by the arrival of Nino. In the Mekong River region, where more than 65 million people live, the water level is at its lowest level in over 30 years and on the border between Thailand and Laos is impossible to navigate and irrigate the fields. In Indonesia and Malaysia the entire palm oil industry is in danger and in the province of Sabah (Malaysia) production has already dropped by a fifth compared to January. The situation even more serious in the Philippines, where in the most affected regions the population is forced to cook poisonous plants to survive.

13/03/2010 (Sify Business) - The National Commodity & Derivatives Exchange (NCDEX) is talking to a few oil marketing majors to source some of their crude petroleum requirements from its commodity market, a company official said here Saturday.

13/03/2010 (Bernama), Kuala Lumpur - Soyoil is sold at a premium to palm oil owing to market-distorting agricultural subsidies given to US and European farmers by their governments, according to the Malaysian Palm Oil Council (MPOC).

13/03/2010 (New Straits Times), Kuala Lumpur - Malaysia’s palm oil has attained a high level branding internationally.

12/03/2010 (The Hindu Business Line) - Even as palm oil production and trade has been expanding strongly in recent years with prices staying at attractively elevated levels, the commodity continues to face risks from environmental activists. Malaysia and Indonesia are two of the world's largest producers of this vegetable oil. Oil palm essentially grows in the world's tropical regions because of the suitable agro-climatic conditions for oil palm plantations.