Archived News

19/08/2015 (Reuters) - India plans to spend $1.5 billion in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils this decade.

19/08/2015 (Bernama) - The trade balance between Malaysia and India continued in favour of Malaysia in the first half of 2015, with total trade and exports showing an increase of 3.3 per cent and 3.9 per cent respectively.

19/08/2015 (Bernama) - The Malaysia External Trade Development Corporation (Matrade) will continue to promote local products and services abroad despite uncertainty in the global market.

19/08/2015 (FoodNavigator.com) - Italian politicians have submitted two resolutions to parliament defending palm oil in the face of anti-palm oil campaigns, calling it a raw material of fundamental importance for Italian industry.

19/08/2015 (Reuters) - Malaysian palm oil futures hit their highest level in nearly two weeks on Tuesday as the ringgit continued to weaken near 1998 lows, although declines in competing markets dragged on appetite for the edible oil.

18/08/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

18/08/2015 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended marginally lower on Monday helped by a weakening ringgit.

18/08/2015 (Hindu Business Line) - Imported palmolein declined by ₹1 while sunflower and cotton oil rose by ₹5 for 10 kg each in Mumbai. All other edible oils ruled steady. Stockists continued their fresh buying for imported oils on higher physical demand.

18/08/2015 (Business Standard) - Supported by festive season demand at the spot markets, crude palm oil prices rose 0.86 per cent to Rs 396.90 per 10 kg in futures trade today.

18/08/2015 (Philippine Information Agency) – Top executives of the Philippine palm oil industry have recognized the potential of expanding oil palm plantations to Mindanao as crucial in building inclusive growth for a stronger industry in the country.

18/08/2015 (Bernama) - Felda Global Ventures Bhd (FGV) has not raised the wages of its plantation workers, rebutting claims made by a local research house in an article report published recently.

18/08/2015 (PR Web) - The three day summit will open with a day-long discussion on rubber industry’s current trends. Representing Thailand – the largest rubber producer is Dr. Paitoon Wongsasuthikul, Deputy Secretary General, Thai Rubber Association (TRA) tasked to explain the ‘Government's Initiatives to Shore Up Rubber Prices’, especially the fund set up to help rubber farmers. Also from Thailand is Surachai Chetsadakasemwimon, Rubber Plantation Director of Terragro discussing the ‘Challenges in Rubber Plantations in North East of Thailand’.