Archived News

23/07/2015 (Reuters) - Malaysian palm oil pulled backfrom a one-week high on Wednesday, with traders saying they expected an increase in production in the third quarter that could eliminate any shortage of the edible oil resulting from low output in July

23/07/2015 (AllAfrica.com) - A section of farmers on Bugala Island engaging in oil palm growing have threatened to cut down their plantations, claiming that the crop is not fetching much returns as anticipated.

22/07/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

22/07/2015 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

22/07/2015 (AllAfrica.com) - The Ministry of Trade (MoT) has rationed the 40 million litres monthly import of edible oil among nine businesses which were previously selected.

22/07/2015 (Borneo Post) - With the Indonesian government having begun the collection of crude palm oil (CPO) and processed palm oil levies on July 16, analysts believe the impact on CPO prices is neutral but expect Malaysian exports to benefit due to lesser supply coming from Indonesia.

22/07/2015 (The Star) - Felda Global Ventures Holdings Bhd (FGV) has confirmed a StarBiz report that Datuk Mohd Emir Mavani Abdullah is still in charge.

22/07/2015 (Business Standard) - Sesame and cottonseed oils edged higher by Rs 50 per quintal at the wholesale oils and oilseeds market today mostly on pickup in demand from retailers.

22/07/2015 (Hindu Business Line) - Hindustan Unilever followed up a sparkling March 2015 quarter with a sedate one in June. While the FMCG giant kept its volume growth steady at 6 per cent for the June 2015 quarter, domestic FMCG revenues grew just 5 per cent over the year ago. This growth is the lowest in at least eight quarters.

22/07/2015 (Reuters) - Palm oil on the European vegetable oils market firmed on Tuesday in sympathy with gains in Malaysian palm oil futures on concerns over falling production in July.

22/07/2015 (Reuters) - Palm oil on the European vegetable oils market eased slightly on Monday following falling Malaysian palm oil exports during the first 20 days of July. "A drop of some 15 percent in Malaysian exports compared to the same period last month made Malaysian palm oil futures ease, although they closed well off the lows. A strong dollar also pressured dollar-priced products," one broker said.

15/07/2015 (The Punch) - The Nigerian Exports Promotion Council and the Nigerian-British Chamber of Commerce on Tuesday sealed a Memorandum of Understanding to increase the level of trade between Nigeria and the United Kingdom.