Archived News

03/08/2016 (The Star) - Investors are less bullish on the plantations sector in the near term as crude palm oil (CPO) price has so far failed to meet the forecast of RM3,000 per tonne according to CIMB Research.

03/08/2016 (Jakarta Post) - Plantation firm Astra Agro Lestari forecasts a 10 percent decrease in crude palm oil (CPO) production in 2016 to 1.57 million tons as the El Nino weather phenomenon continues to negatively affect CPO production.

03/08/2016 (AllAfrica.com) - The Minister of Agriculture, Chief Audu Ogbeh, has advised Nigerians to set up plantations to boost food production in the country.

02/08/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

02/08/2016 (The Star) - Despite a neutral stance on the palm oil sector, investors are generally keen on the sector’s long-term outlook but less bullish on its near term prospect, says CIMB Research.

02/08/2016 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended higher on Monday supported by rising demand and rebounding soya prices. Exports of Malaysian palm oil products for July rose 15.4 per cent to 1,283,050 tonnes from 1,111,413 tonnes shipped during June, cargo surveyor Societe Generale de Surveillance said.

02/08/2016 (Borneo Post) - Indonesian and Malaysian ministers expressed concern over the evolving non-tariff barriers on palm products in major importing countries during their bilateral talks held in Jakarta today.

02/08/2016 (Hindu Business Line) - The Cochin Oil Merchants Association (COMA) has approached the Subject Committee (Economic Affairs), Kerala Legislative Assembly, seeking withdrawal of the five per cent tax on coconut oil imposed in the State budget.

02/08/2016 (APP) - Shipping activity remained active at the Port where three ships C.V MSC Rachele, M.T G.T Star and M.T Liberty-n carrying Containers, Palm oil and LPG were arranged berthing at Qasim International Container Terminal, Liquid Cargo Terminal and Engro Vopak Terminal respectively on Sunday, 31st July-2016.

02/08/2016 (Business Standard) - Crude palm oil advanced by 0.55 per cent to Rs 493.40 per 10 kg in futures market today as participants engaged in enlarging their positions, tracking a firm trend at spot market on rising demand.

02/08/2016 (Astro Awani) - Malaysia and Indonesia have agreed to settle the issue of Sulawesi Sea waters completely as it had been deferred for too long.