Archived News

15/02/2017 (The Star) - Kuala Lumpur Kepong Bhd (KLK) reported a 54% surge in its plantation pre-tax profit to RM419.4mil, thanks to improved selling prices for crude palm oil (CPO) and palm kernel (PK) for its first quarter ended Dec 31, 2016 (Q1’17).

15/02/2017 (The Star) - RHB Research Institute has raised its sum-of-parts based target price for Kuala Lumpur Kepong (KLK) to RM29.30 from RM26.80 after imputing its latest net debt position and adjusting for higher palm kernel oil (PKO) prices.

15/02/2017 (New Strait Times) - The annual 50 million tonnes of palm oil trade contributes some US$39 billion (RM172 billion) to gross domestic product (GDP) of the global economy, says Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

15/02/2017 (Outlook India) - In restricted activity, mustard oil prices drifted lower by Rs 50 per quintal at the wholesale oils and oilseeds market today on sluggish demand from local parties against adequate stocks position.

15/02/2017 (Reuters) - Indian soyoil and soybean futures fell on Tuesday, hurt by high supplies and low demand in the domestic market.

15/02/2017 (Associated Press of Pakistan) - Five ships C.V Express Kailash, M.V YM Miranda, M.V Du Tuan Song, M.V Astraea Posidonia and M.T SC Behai carrying containers, chemicals, project cargo, canola seeds and palm oil were arranged berthing at Container Terminal, Multi Purpose Terminal, Grain, Fertilizer Terminal and Liquid Cargo Terminal respectively on Sunday.

15/02/2017 (Reuters) - The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT:

14/02/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

14/02/2017 (Reuters) - Malaysian palm oil futures on Monday hit a two-week low, recording a second straight session of declines, as prices were weighed down by prospects of improving levels in production.

14/02/2017 (Tempo.co) - Crude palm oil (CPO) price is expected to be in a short-term downtrend as the industry will begin a production recovery process in March.

14/02/2017 (Business Standard) - Select edible oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

14/02/2017 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives hit a two-week low, recording a second straight session of declines, as prices were weighed down by prospects of improving levels in production.