Archived News

14/03/2016 (Borneo Post) - Almost 1,000 oil palm settlers here received good news yesterday when Chief Minister Datuk Seri Panglima Musa Aman announced funding for their Settlers Oil Palm Replant Programme.

11/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

11/03/2016 (The Star) - The Malaysian Palm Oil Council (MPOC) condemns efforts by the governing party of France, the Socialists, to impose a discriminatory tax on palm oil produced in the developing world. A new report commissioned by MPOC finds no economic rationale for the new tax and, in fact, finds it to be disproportionate and discriminatory.

11/03/2016 (Bernama) - Malaysia's total palm oil stocks in February 2016 fell 6.05 per cent to 2.17 million tonnes versus 2.31 million tonnes registered in January 2016, said the Malaysian Palm Oil Board (MPOB) in a statement.

11/03/2016 (GhanaWeb) - Dr. Ahmed Yakubu Alhassan, Deputy Minister of Food and Agriculture, has asked stakeholders to work assiduously to develop the palm oil sector in a sustainable manner to help increase its benefits.

11/03/2016 (Reuters) - Malaysian palm oil futures reversed gains to fall from a near three-week high on Thursday evening, due to sluggish export demand and a stronger ringgit.

11/03/2016 (Hindu Business Line) - Despite bearish futures, imported palmolein and soya oil rose by ₹5 each on the BCE tracking a 56.5 per cent jump in Malaysian palm oil exports and higher domestic demand.

11/03/2016 (Reuters) - Palm Oil Refiners Association of Malaysia has called on the Government to scrap export duty rates for processed palm kernel oil products to help the country’s refining sector, which is losing market share to the world’s biggest palm producer Indonesia.

11/03/2016 (Reuters) - The following were Thursday's Rotterdam vegetable oil prices at 1700 GMT:

10/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

10/03/2016 (Reuters) - Palm oil prices are expected to recover to trade around 2,700-3,000 ringgit a tonne by June as dry conditions from the El Nino weather pattern crimp global output, leading edible oil industry analyst Thomas Mielke said on Wednesday.

10/03/2016 (Reuters) - Malaysian palm oil futures will climb nearly 20 percent to around 3,000 ringgit a tonne as dry conditions brought by the El Nino weather pattern curb output in major producers Indonesia and Malaysia, said top industry analyst Dorab Mistry.