Archived News

15/08/2017 (Business Standard) - Crude palm oil prices went up by 1.22 per cent to Rs 506.40 per 10 kg in futures market today as speculators created fresh positions, driven by pick up in demand at the spot market.

15/08/2017 (Daily News & Analysis) - Prices of palmolein and soyabean oil rose by Rs 50 per quintal at the wholesale oils and oilseeds market today due to pick up in demand.

15/08/2017 (The Straits Times) - Second-quarter net profits dropped by 44.7 per cent at palm oil trader Golden Agri-Resources, which blamed the recognition of deferred tax income in the same period last year .

15/08/2017 (just-food.com) - Indonesia's Indofood has posted higher first-half sales and profits, pointing to growth from its agribusiness arm.

15/08/2017 (Solomon Star) - Guadalcanal Plains Palm Oil Limited (GPPOL) has identified suitable land for expansion further east to the Aola region in East Guadalcanal.

14/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

14/08/2017 (Borneo Post) - Malaysian palm oil futures reversed losses from last week and traded higher after seeing a two-week low on Monday, supported by strengthening rival edible oils on CBOT and Dalian Commodity Exchange and the weakening of palm oil currency; the ringgit.

14/08/2017 (The Star) - Most planters’ second quarter results (Q2 2017) to be released this week are expected to record further improvement, bouyed by higher crude palm oil (CPO) production and prices.

14/08/2017 (Bangkok Post) - A decline in the price of palm oil fruit was not caused by market manipulation but an oversupply, the Commerce Ministry says.

14/08/2017 (India Infoline) - The Government of India raised the import duty on crude palm oil to 15% from 7.5% and on refined to 25% from 15% to restraint cheap shipments and boost local prices to support domestic farmers and refiners.

14/08/2017 (Business Green) - New POFCAP label launched in a bid to independently verify products that make no use of palm oil in their supply chain

14/08/2017 (Netralnews) - Top palm oil producer countries of Indonesia and Malaysia agreed to make coordinated efforts in retaliating the ongoing barriers and black campaign on palm oil trade by exposing results of researches on positive usage of the commodity among the public.