Archived News

14/05/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

14/05/2015 (Bloomberg) - Palm oil may rally should an El Nino weather pattern spur dry conditions across Southeast Asia, hurting output, while key buyers such as China bring forward purchases to guarantee supplies.

14/05/2015 (SGGP) - The Vietnam Food Administration, a part of the Ministry of Health, responsible for managing food hygiene, safety, and quality, yesterday said it has not issued certificate of food safety to palm oil from Ghana of Kemtoy Miyan Cash & Carry, which the UK’s Department of Food Safety is asking to remove from market due to containing the illegal dye known as Sudan IV, which is genotoxin and carcinogen.

14/05/2015 (PIA) – About 50,000 hectares of idle land in Northern Mindanao particularly in Bukidnon and Misamis Oriental will become productive after Malaysia’s biggest Oil Palm producer, Felda Global Ventures (FGV) and Philippines’ Bali Oil Palm Produce Corporation (BOPPC) signed a Memorandum of Collaboration (MOC) on 11 May 2015 at Limketkai Luxe Hotel, Cagayan de Oro City.

14/05/2015 (Bernama) - Chief Minister Tan Sri Dr Adenan Satem will meet the members of his cabinet before deciding on whether the state will absorb the Goods and Services Tax (GST) imposed on public services provided by local authorities.

14/05/2015 (Bernama) - PPB Group Bhd says its operations are not significantly impacted by the implementation of the Goods and Services Tax (GST), despite its business revolving around consumer goods.

14/05/2015 (Borneo Post) - Indonesia is willing to assist Sarawak in addressing its labour shortage in the oil palm industry through a government-to-government arrangement, says Arief Yuwono Indonesia’s Deputy Minister of Environmental Degradation Control and Climate Change.

14/05/2015 (Hindu Business Line) - Edible oils prices ruled mixed on Wednesday on the back of need-based physical demand amid weak futures. On the Bombay Commodity Exchange, imported palmolein and soya oil increased by ₹2 and ₹6 for 10 kg each. Sunflower oil gained ₹5. Groundnut and rapeseed oil dropped by ₹15 and ₹5 each.Vikram Global Commodities (P) Ltd quoted ₹545 for Malaysian super palm May delivery. Liberty traded palmolein at ₹509 JNPT, super palmolein ₹545, soyabean refined oil ₹610. Ruchi’s rates: palmolein ₹510 JNPT, soyabean refined oil ₹607, sunflower refined oil ₹700. Allana traded palmolein at ₹509 JNPT, super palmolein ₹545, soyabean refined oil ₹605 and sunflower oil ₹705.

14/05/2015 (The Star) - The El Nino effect which is currently in its early stages, according to the Australian government’s Bureau of Meteorology, will be a boost for crude palm oil (CPO) prices.

13/05/2015 (Reuters) - Malaysian palm oil futures were little changed on Tuesday, after briefly touching their highest in more than a month, as positive sentiment stemming from a jump in demand and a weaker ringgit were offset by concerns of rising palm supplies.

13/05/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

13/05/2015 (Reuters) - Malaysian palm oil futures rose to five-week high on Tuesday on a weakening ringgit and robust demand in early May.