Archived News

02/02/2016 (ANTARA News) - Indonesia has strongly condemned Frances plan to impose progressive tax on all palm oil-based products.

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

02/02/2016 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives hit a one-week low on Fridayon slowing exports and stronger Malaysian ringgit. Exports of Malaysian palm oil products for January fell 9.7 per cent to 1,149,255 tonnes from 1,272,150 tonnes shipped during December, cargo surveyor Societe Generale de Surveillance said on Monday. Stockpiles in Malaysia as of end-December were at 2.6 million tonnes – down from the record 2.9 million tonnes a month ago.

02/02/2016 (Business Standard) - Extending yesterday's gain, crude palm oil prices advanced by another 1.07% to Rs 453.50 per 10 kg in futures trade today as traders enlarged positions on the back of surging demand in the spot market.

02/02/2015 (Malaya) - The Mindanao Development Authority (MinDA) reported that the Regional Board of Investments has approved a P1.3-billion, 5,000 hectare palm oil plantation project in Datu Odin Sinsuat, Maguindanao.

02/02/2016 (AgriMoney.com) - What impact will confirmation of Egypt's zero tolerance policy on ergot have on the number, and price, of offers of wheat cargos it receives from merchants?

01/02/2016 (Borneo Post) - Malaysian palm oil futures edged lower on Friday to 2,445, due to a strengthening ringgit, and coupled with slowing exports.

01/02/2016 (Hindu Business Line) - Prices of crude palm oil have risen about 7 per cent in the last two weeks. The palm oil futures contract traded on the Bursa Malaysia Derivatives Exchange has risen to MYR 2,349 per tonne from MYR 2,200 per tonne. Mirroring this, on the domestic front, too, the CPO contract traded on the Multi Commodity Exchange (MCX) has risen about 3 per cent to ₹432.5 per 10 kg from ₹421 per 10 kg.

01/02/2016 (The Star) - Plantation group Felda Global Ventures Holdings Bhd (FGV) is believed to have been offered up to 15% discount on its planned purchase of PT Eagle High Plantations Tbk despite seeking a higher reduction in the price, according to sources.

01/02/2016 (Bernama) - Crude palm oil (CPO) futures contracts are likely to trade thinner next week on expectation of a further weakening in demand, a dealer said.

01/02/2016 (Business Standard) - Select edible oil prices eased further at the wholesale oil and oilseeds market during the week following sluggish demand from retailers and vanaspati millers.

01/02/2016 (Bernama) - Efforts at assisting smallholders will be among the issues to be discussed at the Council Of Palm Oil Producing Countries(CPOPC) meeting in Jakarta, Indonesia, on Feb 4.