Archived News

28/01/2015 (Hindu Business Line) - A rebound in domestic and overseas futures amid higher demand at lower price turned sentiments positive on the edible oils market on Tuesday. On extended loss of futures, local refineries cut their rates for palm oil and soya oil by ₹10-13 for 10 kg attracting fresh bulk buying.

28/01/2015 (Reuters) - Malaysian palm oil futuresrebounded on Tuesday to snap four days of declines but remainednot far off their lowest in almost six weeks as a big domesticcrop, poor demand and weak competing oil prices put pressure onthe edible oil.

28/01/2015 (Reuters) - Indian soyoil and oilseeds futures rose on Tuesday because of buying at lower levels and also in line with the benchmark Malaysian palm oil contract.

28/01/2015 (The Maritime Executive) - Indonesia’s state-owned port operator PT Pelabuhan Indonesia (Pelindo 1) will start five port expansion projects this year.

28/01/2015 (THISDAY Live) - The significant drop in Nigeria’s revenue as a result of the slide in crude oil prices may compel the federal government to impose further restrictions on importation of certain agricultural products, a report has stated.

28/01/2015 (SpyGhana.com) - The Deputy Africa Regional Representative of the Food and Agriculture Organisation (FAO), Dr Lamourdia Thiombiano has commended B-BOVID, an agri-business company operating in Western Region for its innovative and unique agricultural model.

27/01/2015 (Reuters) - Malaysian palm oil futures fell for a third session on Monday, dropping to their lowest in nearly five weeks as poor demand from major buyers sparked concern that palm's use in food and fuel industries may continue to slump in coming months.

27/01/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets

27/01/2015 (Hindu Business Line) - Crude palm oil futures on the Bursa Malaysia Derivatives Exchange ended sharply lower on Monday on worries over gloomy global economic outlook and demand concerns stemming from it.

27/01/2015 (Ceylon Daily News) - Watawala Plantations reported revenues of Rs 5.3bn for the nine months ended December 31, 2014 , up 16.6% YoY. Net profit or PAT for nine months amounted to Rs 409m, against Rs 311m in the same period last year.

27/01/2015 (The Guardian) - Long before the 1997 massacre, when Mapiripán was a faraway place not worth fighting for, Aida Gordilla and her family came to the wide-open grasslands outside town and fenced off a homestead. They called it Macondo, like the village in the Gabriel García Márquez novel One Hundred Years of Solitude

27/01/2015 (Bernama) - The Ministry of International Trade and Industry (MITI) expects total export surplus for the halal industry this year to exceed the RM32 billion achieved in 2013.