Archived News

27/11/2015 (Reuters) - Malaysia should work towards a common palm oil export duty plan with Indonesia to support its refining sector, which risks losing market share following the introduction of more competitive Indonesian levies, a Malaysian industry body said.

26/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

26/11/2015 (Bloomberg) - Palm oil exports from Indonesia, the world’s biggest grower, may decline for the first time in at least eight years as the government increases the amount required in biodiesel production.

26/11/2015 (Business Standard) - Crude palm oil prices were up 0.31 per cent to Rs 390 per 10 kg in futures trade in evening session today as traders created fresh positions.

26/11/2015 (AllAfrica.com) - More than 100 oil palm smallholder farmers in Kalangala District have requested Oil Palm Uganda Ltd, a subsidiary of Bidco, to increase the price offered per kilogramme of fresh palm fruits from Shs300 to Shs1,000.

26/11/2015 (Jakarta Post) - In wake of the recent forest fires that razed more than 2 million hectares of land in Indonesia, President Joko “Jokowi” Widodo plans to issue a government regulation (PP) on restoration, conservation and rehabilitation of peatland.

26/11/2015 (Business Standard) - Continued its rising streak for the third straight day, crude palm oil prices advanced by 1.21 per cent to Rs 393.50 per 10 kg in futures market today as traders enlarged positions on the back of rising demand in the spot market.

26/11/2015 (Reuters) - Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, said net profit for first-quarter ended September slid 34 percent, hit by weaker demand in its consumer business and low commodity prices.

25/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

25/11/2015 (Business Standard) - Crude palm oil futures were up by 0.75% to Rs 389.10 per 10 kg in futures trade today as speculators created fresh positions amid a firming trend at the spot markets on rising demand from consuming industries.

25/11/2015 (The Sun) - Hap Seng Plantations Holdings Bhd's net profit for the third quarter ended Sept 30, 2015 (Q3) fell 7.88% to RM21.62 million from RM23.47 million a year ago due to lower sales volume and lower average price realisation of crude palm oil (CPO).

25/11/2015 (Radio New Zealand) - Papua New Guinea is among the countries set for inclusion in a new OPEC-like council for the world's leading palm oil producing countries.