Archived News

20/02/2017 (The Star) - The share price of Sibu-based timber and plantation group Ta Ann Holdings Bhd has rallied over 10% in the past two months, thanks to the good run-up in crude palm oil (CPO) prices.

20/02/2017 (Hindu Business Line) - The most active March’17 refined soya oil futures contract on the NCDEX fell to a four-month low of ₹663.3 per 10 kg on Friday. The contract tumbled over 4 per cent on the back of weak global cues to close at ₹664.75

20/02/2017 (Hindu Business Line) - Rape mustard seed is the world’s third most important oil yielding crop (next to soyabean and palm) and the main rabi oilseed crop in India. Mustard oil is the most preferred edible oil in the northern, central and eastern parts of India. Its prices touched record high level of ₹5,500 per quintal at the Jaipur market in 2016 owing to a shortfall in production due to unfavourable weather and unseasonal rains. However, the prices started correcting later in the year with expectation of good soil moisture, better acreage and lower export demand for mustard meal. Even the winter season didn’t help the prices peaking up much. Mustard future prices are currently ruling at ₹3,818, down over 26 per cent from its July 2016 peak.

20/02/2017 (Manila Times) - A long stretch of land, as far as the eye can see, on the southern tip of Palawan, is now the preserve of massive palm plantations.

20/02/2017 (Borneo Post) - Malaysian palm oil futures broke sideway price range and started a fresh round of downtrend on Thursday and Friday, following expectations of weaker demand from China and improving harvest at rival products.

22/02/2017 (Hindu Business Line) - Crude Palm Oil (CPO) price, which was surging since last November, is under pressure. The CPO futures contract price on the Bursa Malaysia Derivatives Exchange had been stuck in a sideways range between MYR 3,150 per tonne and MYR 3,335 since January.

20/02/2017 (Indonesia Investments) - The Indonesian Palm Oil Board (DMSI) says higher productivity is the key to boost Indonesia's crude palm oil (CPO) production. Amid international pressure, particularly after the devastating forest fires on Sumatra and Kalimantan in the second half of 2015, Indonesian President Joko Widodo announced to issue a five-year moratorium on new palm oil concessions to limit the expansion of oil palm plantations in Indonesia. Although Indonesian authorities want to see rising CPO output (in order to safeguard foreign exchange earnings and create employment opportunities), further growth should come on the back of rising productivity, not by adding new plantations.

20/02/2017 (India.com) - Barring a fall in palmolein oil prices on sluggish demand from retailers, other edible and non-edible oils held steady at the wholesale oils and oilseeds market.

20/02/2017 (India.com) - Select edible oil prices drifted lower by up to Rs 100 per quintal at the wholesale oils and oilseeds market today on tepid demand from retailers against sufficient stocks position.

17/02/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

17/01/2017 (Reuters) - Malaysian palm oil futures rose in early trade on Thursday supported by a weaker ringgit, but traders said demand for the tropical oil remained weak.

17/01/2017 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) expects its revenue in 2017 and 2018 to improve on the back of better crude palm oil prices coupled with first harvest from its replanting programme, its Chairman, Tan Sri Isa Abdul Samad said.