Archived News

18/01/2016 (Reuters) - Malaysia, the world's second-largest palm producer after Indonesia, will maintain its crude palm oil export tax at zero for the tenth consecutive month in February, a government circular showed.

15/01/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

15/01/2016 (Reuters) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.

15/01/2016 (Business Standard) - In restricted activity, groundnut oil prices shot up by Rs 200 per quintal at the wholesale oils and oilseeds market today on the back of pick-up in retailers demand.

15/01/2016 (The Daily Star) - Refiners and traders have decided to cut the wholesale prices of cooking oil by Tk 5 a litre, with effect from tomorrow, which is expected to bring down retail prices as well.

15/01/2016 (Hindu Business Line) - The price of the coconut oil is seen decreasing at Erode markets. “The price of the coconut oil remains at ₹1,220-50 for 15 kg pack for the past six or seven days. There is no buyer for the oil and crushers those who are having adequate stock of coconut oil are ready to sell their stock at the prevailing price,” said RM Palanisamy, an oil trader.

15/01/2016 (Reuters) - The world's top palm oil producers Indonesia and Malaysia may have to curb plans to channel more of the commodity into biodiesel as tumbling crude oil prices render the edible oil twice as expensive as its fossil fuel alternative.

15/01/2016 (Pulse.com.gh) - President John Dramani Mahama has announced that government is investing huge sums of money on Agriculture to ensure self-sufficiency and export to other neighbouring countries.

15/01/2016 (Business Standard) - Rising for the second straight day, crude palm oil prices advanced by 0.26 per cent to Rs 427.50 per 10 kg in futures trade today as participants engaged in enlarging their positions, taking positive cues from spot market on uptick in demand.

15/01/2016 (EMS Magazine) - Palm oil purchases by India probably fell in December, the first decline in 2015, as record stockpiles in the world’s largest buyer prompted traders and refiners to slow shipments.

14/01/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil other vegetable oil markets.

14/01/2016 (Bernama) - The demand for halal products remains positive despite the global economic downturn amid plunging commodity prices, the Halal Industry Development Corp (HDC) said.