Archived News

17/04/2015 (Business Recorder) - The Karachi Port handled 118,244 tonnes of cargo comprising 73,978 tonnes of import cargo and 44,266 tonnes of export cargo including 6,678 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

17/04/2015 (Ukrainian Biofuel Portal) - A protracted fall of oil quotations and the forecast for a high yield of oil-bearing crops weigh upon the prices for vegetable oil presenting threat to its competitiveness as raw materials for the biodiesel production.

17/04/2015 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) has been awarded the 2015 Frost and Sullivan's Excellence Awards for 'Palm Oil Plantation Company of the Year' for the third consecutive year.

16/04/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

16/04/2015 (Zee News) - India's palm oil imports rose by 25 percent to 6,82,274 tonnes in March against the year-ago period due to cheaper shipments from Indonesia and Malaysia, Solvent Extractors' Association (SEA) said on Wednesday.

16/04/2015 (Jakarta Post) - President Joko “Jokowi” Widodo expressed his concerns over the performance of the country’s export sector, which continued to decline during the first quarter of this year despite the government’s serious efforts to promote overseas sales.

16/04/2015 (Hindu Business Line) - Edible oils market showed a positive trend on Wednesday by gaining ₹1-5 per 10 kg as local refineries decreased their rates for imported palmolein/soya oil. The volumes remained higher.

16/04/2015 (Hindu Business Line) - The entry of adulterated coconut oil into Kerala is now on the decline and this has even reflected in the coconut oil prices in Tamil Nadu this week, recording a drop of ₹100 a quintal at ₹13,500, Thalath Mahmood, Director, Cochin Oil Merchants Association (COMA) said.

16/04/2015 (Jakarta Post) - With its high food self-sufficiency target, the government is considering reviving the stalled “food estate” program of the prior administration by involving private and state-owned companies.

16/04/2015 (Jakarta Globe) - Astra Argo Lestari, the palm oil unit of Astra International, is setting aside $20 million to $24 million for the construction of two palm plants in South Kalimantan and Central Sulawesi this year.

16/04/2015 (Borneo Post) - The possible advent of an El Nino in this region could have a positive impact on crude palm oil (CPO) prices, driven by a potential shortfall in supply, analysts say.

16/04/2015 (The Star) - Malaysia and Indonesia, the world’s two largest producers of crude palm oil (CPO), are now playing the game of zero duties on CPO exports in efforts to bring down the huge build-up in palm oil stocks amid current weak prices and the narrowing of the CPO price discount to soybean.