Archived News

13/02/2015 (Sierra Express Media) - The country’s agriculture sector is currently scoring lots of success. Making the sector a commercial viable one is one of the goals of the present Minister, Dr. Joseph Sam Sesay who is currently spending a restless moment to achieve his dream. His successful tour on various projects in Kenema over the weekend has inspired farmers to be more robust in ensuring that President Koroma’s development plans for the agriculture sector is seen implemented in the field.

12/02/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday.

12/02/2015 (Borneo Post) - Despite the less-than-optimistic view on CPO production, analysts still hold hopes in Indonesia’s biodiesel move to boost the sector ahead.

12/02/2015 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

12/02/2015 (Hindu Business Line) - Bearish futures amid slack physical demand kept edible oils markets under pressure on Tuesday but tracking weak local currency and mixed Malaysia palm oil data kept the sentiment cautious. On the Bombay Commodity Exchange, barring palmolein and soya oil, all other edible oils remained unchanged. The volume was thin as stockists stayed away.

12/02/2015 (Borneo Post) - Analysts reaffirm their neutral stance on the plantation sector following the Malaysian Palm Oil Board’s (MPOB) announcement of an inventory dip for January 2015 to 1.77 million metric tonnes.

12/02/2015 (Vancouver Sun) - The palms in his native Malaysia produce 10 times the oil of other vegetable sources, 50-year-old Haresh Bhatt said in the Port Coquitlam office of Natu’oil Services Inc. and the other international firms he heads or in which he has senior positions. He ought to know. The University of Iowa computer science graduate once managed a 60,700-hectare Malaysian palm plantation, as well as being a broker, refiner, trader and packer in that industry. Making a clean break, literally, Bhatt, wife Hema and daughters Dharinee and Nikhita came to Canada in 2003 and began importing palm-based Rioilsandsoaps for sale to dollar stores.

12/02/2015 (Business Standard) - Crude palm oil (CPO) price has jumped 8.5 per cent so far this month on reports of a fall in output in Malaysia due to unfavourable weather.

11/02/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

11/02/2015 (Borneo Post) - The Sarawak Oil Palm Plantation Owners Association (Soppoa) yesterday said it fully supports Human Resources Minister Datuk Seri Richard Riot on the labour shortage issue which has been plaguing the state’s palm oil industry for years.

11/02/2015 (Bloomberg) - Palm oil exports from Malaysia, the world’s biggest producer after Indonesia, slumped the most in seven years in January as a plunge in energy prices and record global oilseed supply cut demand.

11/02/2015 (Indonesia Investments) - Although the Indonesian government has already announced that biodiesel subsidies have been raised to IDR 4,000 per liter (from IDR 1,500 per liter in 2014) and bioethanol to IDR 3,000 per liter (from IDR 2,000 last year) - in a move to protect the domestic biofuel industry as production costs exceed market prices amid the low global palm oil prices -, Indonesian biodiesel producers are eager to see the country’s biodiesel price is set based on a different benchmark than the Mean of Platts Singapore (MoPS).