Archived News

13/10/2015 (Hindu Business Line) - Edible oils market ruled firm tracking rebound in futures, higher spot demand amid less-than-expected new crop arrivals. On the BCE, indigenous groundnut and rapeseed oil jumped by ₹20 and ₹25 for 10 kg each. Higher closing of Malaysian palm oil futures lifted imported palmolein and soya oil by ₹4 and ₹1 each. Sunflower and cotton oil ruled steady. Vikram Global Commodities quoted Malaysian super palmolein ₹535. Liberty was quoting palmolein at ₹498, super palmolein ₹528 and soyabean refined oil ₹607. Ruchi’s rates: palmolein ₹495, soyabean refined oil ₹600 and sunflower refined oil ₹765. Allana traded palmolein ₹495, super palmolein ₹530, soya refined oil ₹600 and sunflower oil ₹765.

13/10/2015 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended higher on Monday, but pared all gains made during the day as the government data showed stockpiles at a record high.

13/10/2015 (Business Standard) - Groundnut and soyabean refined mill delivery oils weakened at the wholesale oils and oilseeds market in the national capital today owing to slowdown in buying by millers as well as retailers and prices fell by up to Rs 30 per quintal.

13/10/2015 (Reuters) - Contrary to reports that Chinese firms were buying or leasing millions of hectares of prime African farmland, Chinese investors have acquired only about 240,000 hectares, according to a book published on Monday.

12/10/2015 (Borneo Post) - The mid-to-long-term crude palm oil (CPO) price has been viewed as improving as on-going droughts and less fertilisation activity will likely lead to the decline in production early next year and subsequently, the decline of supply.

12/10/2015 (Bernama) - Prime Minister Datuk Seri Najib Tun Razak will make a two-day working visit to Indonesia from Sunday.

12/10/2015 (Bernama) - Palm oil industry policy makers must calibrate policies to support growth in the near term and must implement fundamental changes to achieve healthy growth in the medium and long term, said Malaysian Palm Oil Board (MPOB) Economics and Industry Development Division Director, Balu Nambiappan.

12/10/2015 (Hindu Business Line) - Crude palm oil prices have risen sharply after tumbling to a six-year low in the last week of August. Prices shooting up about 16 per cent in just six weeks have taken everyone by surprise.

12/10/2015 (Bernama) - The plan to set up a Council of Palm Oil Producer Countries by Malaysia and Indonesia is an indication of the success of bilateral relations, said Prime Minister Datuk Seri Najib Tun Razak.

12/10/2015 (Tempo.co) - The Ministry of Energy and Mineral Resources targeted that the distribution of biodiesel reaches 20 percent next year.

12/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday October 12.

12/10/2015 (Jakarta Post) - The Indonesian government expressed its regret on Thursday over a Malaysian palm oil group's decision to temporarily halt imports of palm oil from Indonesia, saying the move was against the spirit of free trade.