Archived News

27/04/2016 (Hindu Business Line) - Edible oils market ruled mixed tracking a rebound in Malaysian palm oil futures amid slack demand. Local refineries kept their rates steady.

27/04/2016 (Reuters) - Indonesian conglomerate PT Astra International Tbk reported a 22 percent drop in first-quarter net profit on Tuesday due to weaker performances at its automotive, mining equipment and financial service units.

27/04/2016 (Reuters) - Malaysian palm oil futures rose on Tuesday, up from a one-week low touched in the previous session, supported by a decline in the ringgit against the dollar.

27/04/2016 (Nikkei Asian Review) - Sime Darby, the world's largest palm oil producer by acreage, has initiated its first vast planting exercise of new high-yielding oil palms that could produce at least 15% more oil than its current best seeds.

27/04/2016 (Business Standard) - Prices of palmolein and soyabean oils declined by Rs 50 per quintal at the wholesale oils and oilseeds market owing to slackened demand.

27/04/2016 (teleSUR English) - Indigenous community members have filed a complaint against a palm oil company in Peru and a governing body has told it to halt operations.

27/04/2016 (PRNewswire) - Olera® Shortenings and Oils, food products division of Global Agri-trade Corporation (GATC), announced today it is expanding its line of 100% Certified Sustainable palm based shortenings. With the new launch, Olera® Shortenings and Oils will further elevate its status as a premier brand of cost competitive, certified sustainable, and traceable palm shortenings in North America.

27/04/2016 (Reuters) - The sector outlook for Asian palm oil producers is improving as changes in supply and demand dynamics point to higher prices for crude palm oil (CPO) in 2016, says Fitch Ratings. Higher prices will be credit positive for producers as they will result in higher operating cash flows and improve CPO firms' credit profiles. While this is supportive of a stable sector outlook, there is a high positive correlation between CPO and crude oil. As a result, Fitch believes that the outlook for the sector remains muted, though improving.

27/04/2016 (The Star) - Sime Darby Bhd expects a 15% increase in yield from its existing oil palm plantations following a breakthrough in research and development (R&D).

26/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

26/04/2016 (Reuters) - Monday's Rotterdam vegetable oil prices at 1600 GMT.

26/04/2016 (Reuters) - Indonesian palm producer PT Sinar Mas Agro Resources and Technology Tbk expects a production drop of 15 percent this year from 3 million tonnes last year, said Franky Widjaja, chief executive of parent Golden Agri-Resources Ltd.