Archived News

22/02/2016 (Hindu Business Line) - Faced with touch challenge from imports, the oil palm industry has asked the Centre to increase the duty to 45 per cent from the current 12.5 per cent to give a breather to the indigenous industry.

22/02/2016 (Economic Times) - Oil Palm Developers and Processors Association (OPDPA) has sought a separate Oil Palm Development Board in the upcoming Union budget aimed at development of palm oil as an industry.

22/02/2016 (The Star) - CIMB Research has raised IOI Corp Bhd’s FY16-18 earnings per share (EPS) forecasts by 5% to reflect higher palm kernel prices and lower estates costs.

19/02/2016 (Reuters) - Malaysian palm oil futures fell as the ringgit gained over 1 percent against the dollar on Thursday, and on expectations of weaker export data towards the end of February.

19/02/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

19/02/2016 (Reuters) - Wilmar International Ltd said on Thursday its annual net profit dropped 8.7 percent in 2015 to an eight-year low, weighed down by poor performance in its palm oil business.

19/02/2016 (Bernama) - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed yesterday's gains to close lower today as the ringgit edged up against the dollar.

19/02/2016 (Bernama) - Sarawak Plantation Bhd's pre-tax profit for financial year ended Dec 31, 2015 fell to RM22.47 million from RM70.04 million in the same period of 2014.

19/02/2016 (Bernama) - Kuala Lumpur Kepong Bhd (KLK) led the top gainers in the early session today after reporting stronger earnings for its first quarter ended Dec 31, 2015.

19/02/2016 (Food Ingredients First) - A joint-study between the Indonesian Sustainable Palm Oil Standard (ISPO) and the Roundtable on Sustainable Palm Oil (RSPO) has been officially released, marking a milestone for closer and effective cooperation between Indonesian and global palm oil sustainability standards.

19/02/2016 (AgriMoney.com) - The rally in palm oil prices has further to run, plantations group Sipef said, as it revealed that its Indonesian plantations were, after a strong finish to 2015, beginning to show signs of joining the country's output downturn.

19/02/2016 (The Star) - Direct selling distributor Hong Yean Ling used to think that all there was to palm oil was cooking oil.