Archived News

13/07/2016 (Reuters) - Malaysian palm oil futures fell on Tuesday ahead of data released over the midday break that showed a drop in exports last month.

13/07/2016 (Reuters) - The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

13/07/2016 (The Star) - Kenanga Research has maintained its forecasted crude palm oil (CPO) average price of RM2,400 per metric tonnes (mt) with a rebound in prices expected later this year due to the La Nina phenomenon.

13/07/2016 (The Star) - Higher crude palm oil (CPO) stockpiles in June due to weak demand has already been reflected in the recent price decline as the commodity slumped to a ten-month low, said Maybank IB Research.

13/07/2016 (APP) - Five ships C.V Casrto-N, C.V MSC Lucy, C.V Al-Manama, C.V ER Vancouver and M.T Atlantic Glory carrying Containers and Chemicals were arranged berthing at Qasim International Container Terminal and Engro Vopak Terminal respectively on Monday, 11th July-2016. In the meantime four more ships M.T Lion-M, M.T White Purl, M.T Globe Tanya and M.V Orhant with containers, furnace oil, LGP and clinker also got anchored at outer anchorage of Port Qasim.

13/07/2016 (Business Standard) - Crude palm oil prices fell 0.82% to Rs 483.10 per 10 kg in futures trade today as traders trimmed their positions, tracking a weak trend at spot market on sluggish demand.

13/07/2016 (Reuters) - Indian soybean futures rose on Tuesday on short-covering, while rapeseed fell on profit-booking.

13/07/2016 (Finance Colombia) - A Colombian environmental authority has forced palm oil company Poligrow Colombia to suspend various operations due to alleged infractions that include wastewater dumping and letting compost runoff leach into the local forest. The department of Meta governmental organization CORMACARENA has claimed that the company has committed a litany of violations and demanded that they stop as a sanctioning process begins.

12/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

12/07/2016 (The News International) - Palm oil import, during the eleven months of financial year 2015-16, reduced by 3.04 percent as compared to the corresponding period of last year.

12/07/2016 (Awoko) - TomCo Energy PLC has said it has completed due diligence on a new palm oil milling project in Sierra Leone and will push ahead with the expansion into the new segment for the company.

12/07/2016 (Reuters) - ICE Canadian canola futures rose on Friday, bouncing back from a four-day losing streak in tandem with a sharp rebound in US soybean futures, traders said. Some crusher buying added to the strength in canola futures. Gains were kept in check by good crop conditions and fund selling. November canola settled $7.70 higher at $470.00 per tonne.