Archived News

10/03/2016 (Reuters) - Indonesia's palm oil output is expected to fall to about 32.1 million tonnes this year, which would be the first decline since 1998, as a drought caused by the El Nino weather pattern limits production, an industry group said.

10/03/2016 (Bloomberg) - Palm oil may surge to the highest since 2012 as the strongest El Nino in almost two decades “ravages” production and squeezes inventories in the world’s largest growers, according to Godrej International Ltd.’s Dorab Mistry.

10/03/2016 (GhanaWeb) - Government has proposed setting-up an Oil Palm Development Agency to enable the country realise the needed investment and grow the oil palm sector.

10/03/2016 (Borneo Post) - Industry specialist Dorab Mistry yesterday condemned France for its plan to impose progressive tax on palm-based products that enter the country, up to 900 euros (about RM4,125) per tonne.

10/03/2016 (Hindu Business Line) - Edible oils market ruled firm on back of mixed reports from Malaysian palm oil conference where bullish trend for palm oil and steady trend for soya oil was predicted by experts. vikram global commodities traded Malaysian super palmolein for ₹572. Liberty was quoting palmolein at ₹543, super palmolein ₹562 and soyabean refined oil ₹611.

10/03/2016 (Indonesia Investments) - Fadhil Hasan, Executive Director of the Indonesian Palm Oil Association (Gapki), expects Indonesia's crude palm oil (CPO) production to decline to around 32.1 million tons in 2016 from 32.5 million tons in the preceding year.

10/03/2016 (Business Standard) - Crude palm oil prices drifted 0.72 per cent to Rs 507.60 per 10 kg in futures trading today as traders booked profits at prevailing higher levels amid easing demand in spot market against adequate stocks.

10/03/2016 (Business Standard) - Prices of mustard and sesame oil rose by Rs 50 per quintal at the wholesale oils and oilseeds market today due to pick up in demand from retailers.

10/03/2016 (Reuters) - The following were Wednesday's Rotterdam vegetable oil prices at 1700 GMT:

09/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

09/03/2016 (Bernama) - The government is confident of implementing the B10 biodiesel programme this year, said Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas.

09/03/2016 (Bernama) - Crude palm oil future (FCPO) contracts touched a historic high of 10.98 million contracts last year, surpassing 10.16 million contracts in 2014, said Bursa Malaysia Bhd Chairman, Tan Sri Amirsham A. Aziz.