Archived News

26/04/2016 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives were lower on Monday, due to sluggish export demand, as traders forecast rising production in line with the seasonal trend.

26/04/2016 (Hindu Business Line) - Edible oils market witnessed bearish trend on slack demand amid weak futures. On the BCE, imported palmolein and soya refined oil declined by ₹4 and ₹5 per 10 kg tracking weak demand and price reduction by local refineries in line with declining overseas futures. Sunflower and cotton refined oil declined by ₹5 each.

26/04/2016 (Bernama) - Sime Darby Bhd expects its new oil palm breed, the Genome Select, to produce at least 16 per cent more oil and contribute positively to the group's bottom line by 2023.

26/04/2016 (Sustainable Brand) - One of the world’s largest palm oil companies, Golden Agri-Resources (GAR), has published a 4-year plan to trace its entire supply to the growers’ plantations. Earlier this year, GAR mapped its entire supply chain to 489 individual mills, and plans to build on that progress by achieving 100 percent traceability to plantation for all of the palm oil purchased and processed by the company by 2020.

26/04/2016 (The Hans India) - The recently implemented ‘Market Intervention Scheme (MIS) for Fresh Fruit Bunches (FFB)’ comes as a welcome respite for the farming community in Telangana and Andhra Pradesh who produce more than 90 per cent of the Indian palm oil.

25/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

25/04/2016 (Business Recorder) - Arif Qureshi is the third-time Chairman of the Pakistan Vanaspati Manufacturer's Association and has been with the PVMA since 1987. He is the CEO of Mahboob Industries Pvt. - the producers of Shan Vanaspati and cooking oil. He is also the President of the Quaid-e-Azam Industrial Estate in the heart of Lahore.

25/04/2016 (Business Standard) - Crude palm oil prices drifted by 0.44% to Rs 569.70 per 10 kg in futures trade today as traders booked profits at prevailing levels, driven by a fall in demand in the spot market against adequate stocks.

25/04/2016 (DEALSTREETASIA) - Myanmar has approved a $2.6-billion investment by Longwin Global Petrochemical Co Ltd, a joint venture company, for the setting up of a five million MT oil refinery along with related logistics facilities in Tanintharyi region, located in the southern part of the country.

25/04/2016 (Proactive Investors UK) - Palm oil producer DekelOil Public Ltd (LON:DKL) is making good progress in refinancing a €6.9mln senior debt facility with the West African Development Bank, it said.

26/04/2016 (Bernama) - YB Ar. Wan Khai-ril Anuar bin Wan Ahmad, Chairman, Malaysian Palm Oil Board (MPOB) will lead the Oil Palm Promotion Mission to France and Belgium from 24 to 28 April 2016. The delegation includes Secretary General of Ministry of Plantation Industries and Commodities, Senior Officials and selected Members of Parliament.

25/04/2015 (Reuter) - 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.