Archived News

17/12/2015 (Mint Market Info) - Indian edible oil industry is the world’s fourth-largest industry after the USA, China and Brazil and accounts for around 9% of the world’s oil seed production. It is highly fragmented with extreme variation in the consumption pattern of Indian consumers of edible oil.

16/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

16/12/2015 (Bernama) - Malaysia intends to make Egypt as the distribution hub for palm oil within 10 years, as the country is a strategic market that has access to West Asian and African regions, says Malaysian Palm Oil Board (MPOB) Chairman, Datuk Wan Mohammad Khair-il Anuar Wan Ahmad.

16/12/2015 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

16/12/2015 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) today signed a memorandum of understanding (MOU) with Newlight Technologies LLC and Innogas Technologies Sdn Bhd to produce biodegradable plastics from palm oil biomass wastes in Malaysia.

16/12/2015 (The Star) - Crude palm oil (CPO) prices are expected to benefit from the weak ringgit and surge above RM2,500 per tonne in the first quarter of 2016, says MIDF Research.

16/12/2015 (Bernama) - Malaysian commodities will have an edge over competitors, Indonesia and Thailand, under the Trans-Pacific Partnership Agreement (TPPA), said Minister of Plantations, Industries and Commodities, Datuk Amar Douglas Uggah Embas.

16/12/2015 (Borneo Post) - The total production of crude palm oil (CPO) for the period of January to October this year increased by about 0.2 million tonnes or 7.7 per cent to 3.08 million tonnes from the 2.9 million tonnes recorded during the corresponding period last year.

16/12/2015 (Business Standard) - Crude palm oil prices eased further by 0.30% to Rs 405 per 10 kg in futures trading today as participants engaged in reducing their positions, tracking a weak trend at spot market on sluggish demand.

16/12/2015 (The Star) - United Malacca Bhd (UMB) is venturing into Indonesia and doubling its plantation land at the same time by buying an 83% effective equity stake in PT Lifere Agro Kapuas (LAK) for US$66.4mil (RM286.7mil).

16/12/2015 (fnbnews.com) - India’s consumption of edible oil has risen to around 17.5 million metric tonne (mmt) in 2012-13 from 11.6 mmt in 2003-04, at compounded annual growth rate (CAGR) of 4.6% during the period under consideration, according to data available from the Solvent Extractors Association of India (SEA).

15/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday December 15 2015.