Archived News

09/03/2015 (Reuters) - Malaysian oil palm planter Genting Plantations Bhd said it has entered into an agreement with Indonesia's Musim Mas Group to build a 300 million ringgit ($82.17 million) palm oil refinery in the Borneo island of Sabah.

09/03/2015 (Jakarta Post) - The administration of Joko “Jokowi” Widodo has ambitious targets for both the electrification ratio and the renewable energy share in the energy mix. According to the mid-term development plan (RPJMN) 2014-2019 — the official document outlining the president’s development targets — by the end of his tenure the electrification ratio should reach 96.6 to 100 percent while the share of renewable energy of the national energy mix should be 10 to 16 percent.

09/03/2015 (The Star) - CIMB Equities Research is positive on the Genting Plantations’ initiatives to be more integrated as well as plans to raise the value-add of its products.

06/03/2015 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 6.

06/03/2015 (Borneo Post) - Following the Palm and Laurics Oil Conference 2015 held recently, palm oil industry experts and analysts generally viewed that demand for biodiesel is an important game changer and crude palm oil (CPO) price catalyst, if the biodiesel mandate is implemented properly.

06/03/2015 (Deccan Chronicle) - Minister for agriculture Pocharam Srinivas Reddy said that the government would sanction a second oil palm factory for Khammam district soon.

06/03/2015 (Reuters) - Following are Indonesian prices for crude palm oil (CPO) quoted at an auction by PT KPB Nusantara (formerly known as the state marketing centre) on Thursday.

06/03/2015 (Biodiesel Magazine) - Over the past few years, Neste Oil has become the world’s largest producer of renewable fuels from waste and residues. In 2014, Neste Oil produced nearly 1.3 million tons (more than 420 million gallons) of renewable fuel from waste and residues. In practical terms, this is enough to power for two years all the 650,000 diesel-powered passenger cars in Finland with renewable NEXBTL diesel manufactured from waste and residues.

06/03/2015 (Reuters) - Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

06/03/2015 (Reuters) - Malaysian palm oil futures dropped to their lowest in nearly a week on Thursday, backtracking from a rally that had lifted the contract to an eight-month top, after top industry analysts painted a gloomy outlook for the second half of the year.

06/03/2015 (Business Recorder) - The Karachi Port handled 69,743 tonnes of cargo comprising 55,095 tonnes of import cargo and 14,648 tonnes of export cargo including 2,176 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 55,095 tonnes comprised of 12,765 tonnes of containerised cargo; 21,647 tonnes of general cargo; 6,235 tonnes of bulk cargo: 3,710 tonnes of soyabean meal; 2,525 tonnes of palm kernel and 14,448 tonnes of oil/liquid cargo.

06/03/2015 (Reuters) - Indian soybean futures fell on Thursday due to lower soymeal exports while weak cues from the international market weighed on soyoil and rapeseed futures.