Archived News

22/01/2015 (The Guardian Nigeria) - Having lost its global competitiveness as the world's largest producer of palm oil, Nigeria has begun to make efforts towards reclaiming its position through a backward integration exercise to drive the production of Crude Palm Oil.

21/01/2015 (Reuters) - Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows.

21/01/2015 (Daily Express) - Palm oil-based downstream activities in Palm Oil Integrated Complex (POIC) in Bintulu is gaining impetus with the help of the Malaysian Palm Oil Board (MPOB – formerly known as Porim) to put Sarawak on the world's map.

21/01/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 21.

21/01/2015 (Hindu Business Line) - The bearish trend continued in the edible oils market on Tuesday with losses extending in the futures market amid poor physical demand. On the Bombay Commodity Exchange, major edible oils declined by ₹5-₹10 for 10 kg. Local refineries reduced their rates for palm oil and soya oil by ₹8-₹10 due to slow demand.

21/01/2015 (Borneo Post) - The Sabah Land Development Board (SLDB) recorded an encouraging financial and operational performance in 2014, especially an increase in the payment of dividend to its 6,221 participants and settlers.

21/01/2015 (Zawya) - The Gulf Organization for Industrial Consulting ( GOIC ) revealed the remarkable progress accomplished by the vegetable and animal oils and fats industry in GCC countries in the previous years. This progress was the result of the increasing local demand on these products paralleling the increasing population and awareness about the important of healthy diet.

21/01/2015 (Bangkok Post) - The Energy Ministry will cut the proportion of palm-based biodiesel (B100) in retail biodiesel to 3.5% from 7% to spare crude palm oil supply and help prevent a shortage in the food industry at a time when domestic palm oil production is in seasonal decline.

21/01/2015 (Thailand National News Bureau) – The Cabinet has given the green light to an import of 50,000 tons of palm oil to tackle the shortage problem while assuring farmers of the government’s effort to cushion the price of their produce.

21/01/2015 (Solomon Star) - President of the Aluta Palm Oil Council Rocky Tisa has invited the Democratic Coalition for Change government to visit the council and landowners.

21/01/2015 (THISDAY Live) - As major investors like Dangote and makers of Indomie Noodles, Dufil, move massive investments into the Edo State agricultural sector, the Commissioner for Agriculture, Abdul Oroh, says the state is set to take over as the nation’s food basket.

20/01/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Jan 20.