Archived News

10/07/2015 (NNT) - National oil conglomerate PTT has sold off its palm oil business in Indonesia for 224.4 million baht.

10/07/2015 (GhanaWeb) - Banks and other financial institutions have been challenged to take a strong stance in providing financial incentives to support the oil palm sector, as the commodity’s value chain holds great potential to be the next economic driver and improve rural livelihoods.

09/07/2015 (The Star) - Despite rising external uncertainties, Malaysia is expected to grow at a moderate pace of 5% in 2015, after taking into account the strong first quarter expansion and expected gradual recovery from the goods and services tax (GST).

09/07/2015 (Reuters) - Indian oilseeds futures fell on Wednesday in line with weak palm oil prices in Malaysia but the soyoil contract was unchanged, reflecting robust planting in the country.

09/07/2015 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) is bringing 50 Felda settlers to visit PT Eagle High Plantations' (EHP) oil palm and sugarcane plantations in Indonesia.

09/07/2015 (Busines Standard) - Prices of palmolein and soyabean oils fell by Rs 50 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by retailers and stockists.

09/07/2015 (BusinessGhana) - World's largest palm oil trading company, Wilmar International Ltd., under scrutiny as communities accuse its suppliers of harassment, deception and rights abuses.

09/07/2015 (Jakarta Post) - Forestry companies have raised concerns over a new ministerial regulation that requires them to allocate at least 20 percent of their existing concession areas to local people, saying the ruling would severely hurt their plantation operations.

09/07/2015 (Jakarta Globe) - Jakarta. President Joko Widodo’s administration is preparing a decree to give fiscal incentives to investors in special economic zones, as it aims for a total of 25 such areas by 2019, a top official said on Wednesday.

09/07/2015 (Business Recorder) - The Karachi Port handled 115,256 tonnes of cargo comprising 96,724 tonnes of import cargo and 18,532 tonnes of export cargo including 4,949 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 96,724 tonnes comprised of 48,414 tonnes of containerised cargo; 19,806 tonnes of bulk cargo: 9,240 tonnes of coal; 7,990 tonnes of DAP; 2,576 tonnes of scrap and 28,504 tonnes of oil/liquid cargo.

08/07/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday July 8.

08/07/2015 (Bernama) - Maybank Kim Eng has maintained its "neutral" call on the regional plantation sector, taking into consideration the El Nino effect and below average rainfall forecast.