Archived News

24/03/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

24/03/2015 (Reuters) - Malaysian palm oil futures rose on Monday as Indonesia's plan to impose levies on crude palm exports triggered hasty buying from the top producer, although traders say gains are "unsustainable" as the tropical oil battles with dwindling global demand.

24/03/2015 (Sun.Star) - A Davao City official said Monday that a Malaysian company is set to develop a 1,000-hectare property for oil palm in Marilog District.

24/03/2015 (Jakarta Post) - The country plans to boost exports to Turkey by more than double within the next four years by facilitating Turkish businesses as well as promoting domestic products.

24/03/2015 (Bloomberg) - Indonesia, the world’s largest palm oil producer, plans to impose export levies to fund biodiesel subsidies, replanting and research and development.

24/03/2015 (Borneo Post) - The state’s plantation sector is poised for growth as Affin Hwang Investment Bank Bhd (Affin Hwang Capital) believes Sarawak can increase its oil palm planted area to two million hectares (ha) through the Sarawak Corridor of Renewable Energy (SCORE).

24/03/2015 (Jakarta Post) - In a move to support a rise in the proportion of biofuel that must be added to diesel, the Energy and Mineral Resources Ministry has introduced a new formula aiming to lower the price of the mixed substance purchased by distributors.

24/03/2015 (UkrAgroConsult) - India’s vegetable oil imports (edible & non-edible) have recorded an increase of 23 per cent at 4.29 million tonnes during November 2014 to February 2015.

24/03/2015 (Business Standard) - Palmolein and soyabean oil prices rose by Rs 50 per quintal at the wholesale oils and oilseeds market following pick-up in demand from vanaspati millers and retailers.

24/03/2015 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

24/03/2015 (ANTARA News) - Indonesia has offered crude palm oil, rubber, and seaweed to Japanese investors grouped in Japan External Trade Organization (Jetro) for investment expansion and promotion.

24/03/2015 (Hindu Business Line) - Crude palm oil futures on Bursa Malaysia Derivatives ended slightly higher on Monday, as Indonesia’s plan to impose levies on crude palm exports triggered hasty buying. Indonesian officials are preparing new rules for a charge of $50 on every tonne of crude palm oil (CPO) shipped at a zero export tax rate, with the funds going to help pay for bio-diesel subsidies announced in recent weeks. Though the move could be considered negative in the short-term, it could help the industry from the current supply glut.