Archived News

19/12/2016 (Business Standard) - Crude palm oil prices were up by 0.53 per cent to Rs 570.50 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market.

19/12/2016 (National Accord) - The Head of Corporate Affairs, Unilever Ghana, Mr. Gabriel Opoku-Asare, has described the palm oil sub-sector as the next “gold” sector for the country if all key stakeholders collaborate to grow the sub-sector to meet the increasing global demand for sustainable palm oil.

19/12/2016 (Hindu Business Line) - RM Seed (rapeseed-mustard) was the market mover in the agri commodity space in the past week. The RM Seed futures contract on the NCDEX traded negative during the week and closed down 3 per cent (year-on-year).

19/12/2016 (Reuters) - Indonesia's crude palm oil (CPO) output likely rose by 8 percent in November from a month ago, while exports fell slightly, a Reuters survey showed.

19/12/2016 (P.M. News) - The prices of locally produced palm oil and ground-nut oil have jumped less than eleven days to Christmas.

19/12/2016 (The Edge) - Putrajaya’s recent move to remove subsidies for palm-based cooking oil has been seen as a catalyst for Yee Lee Corp Bhd, which produces the “Red Eagle” brand of cooking oil, as the move also removes production quota on existing manufacturers, while giving rise to “more reasonable profit margin”.

19/12/2016 (Borneo Post) - Malaysian palm oil futures held near their strongest level in four and a half years at 3,158, supported by weaker ringgit and tight supplies while gains were capped by profit taking. Crude palm oil futures (FCPO) benchmark March 2016 contract settled at 3,161 on Friday, drop 113 points or 3.7 per cent from 3,048 last Friday.

16/12/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

16/12/2016 (Reuters) - The following were Thursday's Rotterdam vegetable oil prices at 1700 GMT:

16/12/2016 (Reuters) - Malaysian palm oil futures rose to the highest in 4-1/2-years on Thursday evening, charting a third straight session of gains on a weaker ringgit and tight supplies.

16/12/2016 (Bernama) - Bilateral trade between Malaysia and China from January to October 2016 hit RM191.65bil, up 1.2% from the same period last year.

16/12/2016 (Business Standard) - Crude palm oil prices edged lower by 0.07 per cent to Rs 569.50 per 10 kg in futures trade today as traders reduced their exposure amid easing demand in the spot market against adequate stocks position.