Oil Fruits News

Indonesia deployed navy ships and hundreds of personnel on Wednesday, including intelligence assets, in an effort to thwart illegal shipments of refined palm oil olein, just hours away from an export ban aimed at taming surging cooking oil prices.The new rules were due to take effect at midnight local time (1700 GMT), and the navy and other agencies had been instructed to step up patrols of Indonesian waters to ensure compliance, said navy spokesperson Julius Widjojono.Palm oil futures on the Malaysia exchange surged by 9.8% on Wednesday…

Seaborne cargo throughput in Germany’s largest universal port in the first three quarters of 2013 totaled 103.9 million tons (+6%). The July-September trend, especially, ensured a brilliant throughput total: in the third quarter 35.8 million tons crossed Hamburg’s quay walls, giving the Port of Hamburg a throughput gain of 11.1%. After advances in the first quarter of 0.6% and of 6.3% in the second, the continuous upward trend in its cargo throughput was therefore more than maintained.