Archived News

18/04/2017 (Reuters) - Malaysian palm oil futures lost early gains, sliding to an eight-month low in late trade on Monday, weighed down by expectations of rising output in top producers Malaysia and Indonesia.

18/04/2017 (Hindu Business Line) - Malaysian palm oil futures ended sharply lower on Monday, to an eight-month low in late trade, weighed down by expectations of rising output in the top producers, Malaysia and Indonesia.

18/04/2017 (Biodiesel Magazine) - The European Parliament has approved the initiative report on the subject “Palm oil and the uprooting of rainforests” with an overwhelming majority. The European Parliament supports the move to exclude palm oil as a raw material for energetic use from 2020, at the same time acknowledging the sustainability of biofuels made from oil plants (rapeseed and sunflower) grown within Europe.

18/04/2017 (Petroleumworld) - The United States said on Thursday it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidisation.

18/04/2017 (Business Standard) - Prices of groundnut and mustard oil fell by up to Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

18/04/2017 (Business Standard) - Crude palm oil prices were up by 0.59 per cent to Rs 519.90 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market.

18/04/2017 (Reuters) - US soybean futures firmed on Monday, hitting their highest level in more than two weeks on increasing concerns that rain in critical growing areas could delay plantings in the coming weeks, traders said. Corn futures weakened, weighed down by some mild profit taking after prices hit a five-week high last week. But the weather outlook limited the declines.

17/04/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

17/04/2017 (Borneo Post) - Malaysian palm oil futures extended their decline to the lowest level since last October this week following higher than expected production and end-stock data from the industry regulator, stronger ringgit and higher than expected Malaysia’s crude palm oil export tax announced on Thursday.

17/04/2017 (The Star) - The Federal Land Development Authority (Felda) demands to see better returns from its slew of assets to help run programmes for settlers.

17/04/2017 (The Star) - Malaysia and Indonesia are working hard to protect the livelihood of those in the palm oil industry whose future is now uncertain following the European Parliament’s decision to phase out palm oil based biofuels by 2020.

17/04/2017 (Borneo Post) - A state delegation comprising representatives of the Industrial and Entrepreneur Development, Trade and Investment Ministry as well as several senior government officials is currently in Seoul, South Korea to promote investment opportunities available in Sarawak.