Archived News

05/05/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

04/05/2017 (EMTV Online) - Sitting East New Britian Governor Ereman Tobaining Jnr says the oil palm industry is adding value to the development of the province. Amidst its challenges, Governor Tobaining says people are realising the spin-offs that come with supporting such an industry.

05/05/2017 (Hindu Business Line) - Oil prices in Indore mandis showed a mixed trend with soy and groundnut oil trading higher on improved demand and global cues, while palm and cotton oil traded lower on weak buying.

05/05/2017 (Awareness Times) - In its effort to revamp palm oil production in Sierra Leone, the Smallholder Commercialization Programme-Global Agriculture Food Security Programme is implementing a direct Tree crop Support project that is aim at supporting three thousand farmers in its nine operational districts across Sierra Leone.

05/05/2017 (India.com) - Crude palm oil prices were up by 0.41 per cent to Rs 491 per 10 kg in futures trade today as speculators indulged in enlarging positions, driven by a firm demand at the spot market.

05/05/2017 (News Agency of Nigeria) - Governor Godwin Obaseki has said Edo will rely on palm oil sector in its diversification initiative to grow the economy of the state.

05/05/2017 (Bernama) - On 29th April 2017, the Heads of State/Government of ASEAN Member States gathered for the 30th ASEAN Summit in Manila under the Chairmanship of Republic of Philippines. During the meeting, the Prime Minister of Malaysia, YAB Dato' Sri Mohd Najib bin Tun Abdul Razak had expressed Malaysia's concern over the adoption of the Resolution on Palm Oil and Deforestation of Rainforest by the European Union by the European Parliament on 4th April 2017 which is detriment to the palm oil industries in the region.

05/05/2017 (Bernama) - Malaysia s contention over the European Parliament s resolution on measures to curb palm oil imports via the ASEAN platform demonstrates the nation s commitment in defending the palm oil industry from continuous slanders from various entities.

05/05/2017 (Journal du Cameroun) - A Committee composed of representatives of the Ministry of Trade, Ministry of Agriculture, Mines and Industries Ministry, the Chamber of Agriculture, Livestock and Fisheries, representatives of producers and processors, traveled to production centres in the Littoral, West and South West regions in a bid to step up reorganization of the local palm oil trade. The marketing of palm oil in the country is faced with challenges caused by imported refined vegetable oils, some of which do not conform with national technical regulations.

04/05/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

04/05/2017 (Hindu Business Line) - Edible oils witnessed steady trend on Wednesday amid slack physical demand. On BCE prices of all edible oils rule unchanged. Bearish Malaysian palm oil futures kept domestic NCDEX soya oil futures also weak.

04/05/2017 (Reuters) - Malaysian palm oil futures fell on Wednesday, posting their biggest intraday drop in a week as the ringgit strengthened and made the vegetable oil more expensive for holders of other currencies.