Archived News

26/02/2015 (Hindu Business Line) - Edible oils witnessed thin volatility with lower volume on Wednesday, tracking weak Malaysian palm oil futures amidst slack demand. Prices were mixed on the Bombay Commodity Exchange. Groundnut and rapeseed oil declined by ₹10 each for 10 kg, soya oil eased by ₹1 on weak reports from producing centres. Cotton and palmolein rose by ₹4 and ₹3 each. Sunflower oil ruled unchanged. Local refineries kept their rates steady, tracking overnight bearish overseas signs. Volumes remained limited in re-sales with isolated trade due to month-end eased demand.

26/02/2015 (FreshPlaza) - Pakistan is said to have poorly negotiated three out of a total of four Free Trade Agreements (FTAs) as imports from China, Malaysia and Sri Lanka are rising faster than exports. Commerce Minister Engineer Khurram Dastgir, who on a number of occasions said that in the past FTAs were not properly negotiated by the Commerce Ministry, is now readying himself to start negotiations with Turkey on an FTA recently agreed by the senior leadership of the two countries.

26/02/2015 (Jakarta Post) - Publicly listed plantation firms Astra Agro Lestari (AALI) and Austindo Nusantara Jaya (ANJT) saw their revenues surge in 2014, a sign of solid recovery after a slowdown in the previous year.

26/02/2015 (Daily Express) - Sabah-based TSH Resources Berhad profit before tax (PBT) increased to RM180.7 million for the financial year ended 31 December 2014, which was 25 per cent higher than the PBT in the previous financial year of RM144.4 million. The PBT was derived after adjusting for non-cash and unrealised exchange translation and one-off disposal of investment.

25/02/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 25.

25/02/2015 (Reuters) - Indonesia will crack down on corporate tax avoidance via transfer pricing this year to try and recoup 200 trillion rupiah ($15.6 billion) in lost state income, mainly in the commodities sector, the new head of the tax office told Reuters.

25/02/2015 (Thomson Reuters Foundation) - Among Ghana's small-scale farmers, there's a saying that if your cocoa crop fails, you may as well go back and tend your oil palm.

25/02/2015 (Reuters) - Indian soyoil, soybean and rapeseed futures rose on Tuesday, in line with gains in benchmark palm oil prices in Malaysia.

25/02/2015 (Borneo Post) - European members of parliament lauded the professionalism of the management of Sarawak Land Consolidation and Rehabilitation Authority (Salcra) in handling land development for oil palm.

25/02/2015 (The Star) - Felda Global Ventures Holdings Bhd (FGV) said net profit for the fourth quarter ended Dec 31, 2014 plunged 96% to RM20.21mil from a year ago as operating income declined while administrative and operating cost jumped.

24/02/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Feb 24.

23/02/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 23.