Archived News

30/10/2015 (Bernama) - Dongguan, an important industrial city and manufacturing hub in China, is keen to import more commodities from Malaysia, especially palm oil and rubber.

30/10/2015 (Bernama) - Muar Ban Lee Group Bhd's wholly-owned subsidiary, Muar Ban Lee Technology Sdn Bhd, has secured a US$3.93 million (RM16.6 million) contract from Indonesia-based PT Sari Dumai Sejati.

30/10/2015 (Bernama) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended gains for a second day today as concerns about the weather sparked higher demand for the commodity, a dealer said.

30/10/2015 (Farm and Ranch Guide) - Exports of U.S. sunflower oil and sunflower kernels are up and, with sunflower harvest under way, that’s good news for producers who are expecting to see increased yields this year.

30/10/2015 (The Edge) - Oil palm planter Chin Teck Plantations Bhd saw its net profit for the fourth quarter ended Aug 31, 2015 (4QFY15) fall 5.5% to RM10.60 million, from RM11.22 million a year ago, due to declining average selling prices of fresh fruit bunches (FFB), crude palm oil (CPO), and palm kernel.

30/10/2015 (Nikkei Asian Review) - IOI Corp, a plantation major, has warned its oil palm output will decline 10% this year as a lingering haze that has shrouded vast swathes of palm plantations in Malaysia and Indonesia and pronounced effects of El Nino weather conditions are expected to squeeze fresh fruit harvest.

30/10/2015 (Nikkei Asian Review) - Indonesian automotive company Astra International said on Thursday that net profit in the nine months ending in September fell 17% year on year to 12 trillion rupiah ($840 million) with large foreign exchange losses in its palm oil unit and weak consumer demand.

30/10/2015 (Tempo.co) - Business entrepreneurs and stakeholders in the Indonesia palm oil industry strengthens European market by opening a dialogue on the use of palm oil and the management of sustainable palm oil.

30/10/2015 (Reuters) - Indonesia's PT Indofood Sukses Makmur Tbk, one of the world's biggest instant noodle makers, posted on Friday the steepest decline in nine-month profits in a decade as a weak rupiah jacked up financing costs for its foreign currency-denominated debt.

30/10/2015 (Graphic Online) - The Food and Drugs Authority (FDA) has stepped up its surveillance on the sale of palm oils nation-wide, after it warned the public of the sale of palm oil adulterated with Sudan IV (Sudee) dye on the market.

29/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

29/10/2015 (Biofuels Digest) - In France, Avril has opened a 100,000 metric ton biodiesel production facility in Sete, helping to bring total production capacity to 1.7 million tons.