Archived News

02/09/2015 (Business Standard) - Crude palm oil prices drifted 0.82% to Rs 373.20 per 10 kg in futures trade today as participants trimmed positions amid higher supplies from producing regions at spot market against low demand.

01/09/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

01/09/2015 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended sharply higher on Friday, posting their first weekly gain after eight consecutive weekly declines, on the back of other commodity markets and a weaker ringgit. A weaker Malaysian ringgit also helped the commodity as it makes palm cheaper for physical buyers.

01/09/2015 (Business Standard) - Prices of palmolein rose Rs 50 per quintal in an otherwise steady wholesale oil and oilseed market today, mostly supported by pick-up in demand from retailers.

01/09/2015 (Bernama) - The continued decline in crude palm oil (CPO) prices and uncertainty over when they would recover underpin Fitch Ratings's negative outlook for the industry for the next twelve to eighteen months.

01/09/2015 (Pakistan Observer) - The Ministry of Commerce (MoC) is holding review of Preferential Trade Agreement (PTA) with Indonesia to reduce the widening trade deficit with Indonesia.

01/09/2015 (Indonesia Investments) - The declining crude palm oil (CPO) price in the world market and the imposition of the USD $50 per ton export levy on CPO by the Indonesian government, effective from 16 July 2015, has severely affected Indonesian oil palm planters with the worst affected being the small holders and plasma farmers as they carry the highest production cost.

01/09/2015 (Economic Times) - Refined palm oil prices surged further in listless Vashi oils and oilseeds market here today due to renewed demand from retailers.

01/09/2015 (Hindu Business Line) - Mixed trend was seen in imported palmolein and soya oil while indigenous edible oils ruled steady on Monday. Palmolein gained by ₹1 as local refineries raised their rates while soyabean refined oil declined by ₹2 tracking weak Chicago markets. Vikram Global Commodities quoted ₹480 for Malaysian super palm. Liberty was quoting palmolein at ₹437 ex JNPT, super palmolein ₹478 and soyabean refined oil ₹572. Ruchi traded palmolein ₹430, soyabean refined oil ₹565, sunflower refined oil ₹705. Allana’s rates: palmolein ₹440, super palmolein ₹475, soya refined oil ₹575 and sunflower oil ₹710.

01/09/2015 (Wall Street Journal) - Palm oil hasn’t escaped the rout in commodities markets, hitting a six-year low last week. And with demand weakening and output looking healthy, analysts say the price could yet have further to fall

01/09/2015 (Borneo Post) - A palm oil mill in Trusan, Lawas, has refused to accept the fresh fruit bunches (FFB) of hundreds of smallholders since Friday.

01/09/2015 (Reuters) - Malaysian palm oil futures ended higher on Friday, posting their first weekly gain after eight consecutive weekly declines, on the back of other commodity markets and a weaker ringgit.