Archived News

16/02/2016 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

16/02/2016 (Bloomberg) - Palm oil purchases by India rebounded from the first drop in 12 months as traders and refiners in the world’s largest buyer increased shipments to bridge a widening cooking oil shortfall.

16/02/2016 (ANTARA News) - The Indonesian government and the European Union agreed to increase cooperation in commodities trade, such as palm oil and cocoa beans.

16/02/2016 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended lower on Monday, before hitting their highest level in nearly 21 months, weighed down by weaker-than-expected export data. Palm oil shipments from Malaysia fell in the first half of February, dropping 16.1 percent compared with a month ago, according to Intertek Testing Services.

16/02/2016 (Hindu Business Line) - Both soya oil and soyabean continued to trade low on weak global cues and slack physical demand with soya refined in Indore mandis being quoted at ₹615 for 10 kg, while soya solvent ruled at ₹590-595. Besides weak physical demand and steep decline in soyameal export, increased demand in palm oil, aided the bearish trend, said Mahesh Purohit, a local trader.

16/02/2016 (Reuters) - Malaysian palm oil futures fell nearly 2 percent on Monday after earlier hitting their highest level in nearly two years, weighed down by weaker-than-expected export data.

16/02/2016 (Malay Mail) - Sarawak does not want any Bangladeshis in its plantation sector as they have been found to be unsuitable, state Land Development Minister Tan Sri Dr James Masing said today.

16/02/2016 (Reuters) - Palm oil on the European vegetable oils market eased on Monday on poor exports for the first 15 days of February and due to a strong dollar.

15/02/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oilmarkets.

15/02/2016 (Jakarta Globe) - Indonesia's plea for the French government to reconsider its planned palm oil import tax has received "positive responses," Trade Minister Thomas Lembong said, following recent meetings with several government officials of the European country.

15/02/2016 (Reuters) - ICE Canadian canola futures rose on Thursday for a second straight session, after sinking to a 2-1/2-month low earlier this week. Buying likely involved short-covering triggered by gains in US soy futures, a trader said. March canola gained $6 at $468.80 per tonne.

15/02/2016 (Reuters) - The following were Friday's Rotterdam vegetable oil prices at 1700 GMT.