Archived News

01/06/2017 (Reuters) - Malaysian palm oil futures fell for a fourth consecutive session on Wednesday, hitting a more than one-month low on a stronger ringgit and weaker related edible oils.

01/06/2017 (Bernama) - Sime Darby Bhd is expecting crude palm oil (CPO) prices to trade between RM2,600 and RM2,800 in the next six months, said President and Group Chief Executive Tan Sri Mohd Bakke Salleh.

01/06/2017 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) reported a smaller pre-tax loss of RM31.66 million in the first quarter ended March 31, 2017 compared with a pre-tax loss of RM82.193 million recorded in the same period last year.

01/06/2017 (Bernama) - Sime Darby Bhd's pre-tax profit jumped to RM1.01 billion in the third quarter ended March 31, 2017 from RM791.0 million recorded in the same period last year, due to improved contributions from the plantations, industrial and motor divisions.

01/06/2017 (Reuters) - The following were Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

01/06/2017 (The Hans India) - With 95 per cent consumption among the common people, the palm oil had been termed as most sought after edible oil price-wise also. It may be mentioned that about 90 per cent of present requirement was being met in the form of imports from Malaysia and African countries. As far as Andhra Pradesh was concerned, Kakinada port, along with Krishnapatnam port, was catering to the needs of palm oil import.

01/06/2017 (APP) - Five ships C.V UASC Al-Khor, C.V Maersk Kensington, C.V NYK Furano, M.V Santa Virginia and M.T Spruce-2 carrying containers, 23,163 tonnes Coal and 55,724 tonnes Diesel oil were arranged berthing at Qasim International Container Terminal, Multi Purpose Terminal and FOTCO Oil Terminal respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Wednesday.

01/06/2017 (Jakarta Globe) - While Nordic countries are on the forefront of global environmental initiatives, their asset managers have invested more than $2 billion in six Indonesian and Singaporean banks that finance environmentally damaging palm oil companies, says a report released by Rainforest Foundation Norway, AidEnvironment Asia and Fair Finance Guide Sweden on Tuesday (30/05).

01/06/2017 (The Edge) - CB Industrial Products Holdings Bhd (CBIP) announced that its 94%-owned subsidiary PT Berkala Maju Bersama will be constructing one unit of Continuous Sterilisation Palm Oil Mill at Manuhing in Central Kalimantan, Indonesia, at a cost of RM39.42 million.

01/06/2017 (Outlook India) - Vegetable oils, derived from plant sources, play a vital role in providing nutrition.

01/06/2017 (swissinfo.ch) - The Swiss Farmers’ Association has called on members to stop feeding dairy cows supplements that contain palm oil. The revelation has embarrassed the organisation that has been fighting against palm oil imports from Asia.

01/06/2017 (Indonesia Investments) - Despite expectations of rising demand ahead of - and amid - the Ramadan and Idul Fitri celebrations, the price of crude palm oil (CPO) is expected to decline up to the end of June 2017. At the end of the trading day on Tuesday (30/05) the CPO price had fallen 0.56 percent to 2,502 ringgit (approx. USD $584.46) per ton (August 2017 contract) on the Malaysia bourse. So far this year, the CPO price has tumbled 14.48 percent.