Archived News

08/07/2015 (Hindu Business Line) - Crude Palm Oil price has tumbled about 7 per cent in just one month. Increase in supply at a time when the demand had remained subdued had kept the commodity price under pressure.

08/07/2015 (AllAfrica.com) - The government, which has been reassessing the ban on the importation of palm oil by private companies, in effect since May 2011, is to lift the ban beginning August 6, 2015.

08/07/2015 (Hindu Business Line) - Edible oils market witnessed dull trading tracking bearish futures and isolated physical demand.

08/07/2015 (Reuters) - Indian oilseeds and soyoil futures fell on Tuesday on weak export demand for oilmeals and higher sowing.

08/07/2015 (Business Standard) - Crude palm oil prices dipped 0.41 per cent to Rs 441.10 per 10 kg in futures trade today amid higher supplies from producing belts at spot market.

08/07/2015 (Reuters) - 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.

07/07/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday July 7.

07/07/2015 (Bernama) - The Eagle High Plantation (EHP) landbank, which presents the largest contiguous landbank from a single vendor, is also an unparalleled strategic fit for Felda Global Ventures Holdings Bhd (FGV).

07/07/2015 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended lower on Monday after Greece rejected terms of a bailout package, raising risk of a global financial crisis.

07/07/2015 (Upside Down World) - The Pasión River in northern Guatemala is a disaster area. Beginning on June 6, residents along the river in the municipality of Sayaxché, Peten, began to find millions of fish, their primary source of food and income, floating dead in the river. Community members quickly accused the Palm firm, Reforestadora de Palma del Peten, S.A (REPSA) of contaminating the river. Communities have called the pollution of their river an “ecocide.”

07/07/2015 (Reuters) - Ivory Coast agro-industrial group Sifca's 2014 net profit plunged to 6 billion CFA francs ($10.1 million), from 24 billion the previous year, the company said in a statement.

07/07/2015 (Reuters) - Malaysian palm plantation firm Felda Global Ventures Holdings Bhd is putting a hold on acquisitions after a three-year, $2.5 billion spree designed to boost output and will now focus on consolidating investments.