Archived News

15/01/2015 (Bernama) - India, which has generated a lot of excitement with its steadfast stand in attracting investments and rejuvenating its economy, can be the next engine of growth for the region and the world, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.

14/01/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 14.

14/01/2015 (Customs Today Newspaper) - India imported total 5.5 million tonne of vegetable oil annually, out of which 1.3-1.5 million tonne is Soyabean Oil, imported mostly from Argentina, Brazil and the US, nearly 3 million tonne of Palm Oil is purchased from Malaysia and Indonesia.

14/01/2015 (Bernama) - Minister of International Trade and Industry Datuk Seri Mustapa Mohamed is leading a three-day trade and investment mission to India starting on Wednesday and is scheduled to participate at the Confederation of Indian Industry (CII) Partnership Summit 2015.

14/01/2015 (Bloomberg) - Yusof Mohd Isa’s oil-palm plantation on the banks of Malaysia’s Terpai river was submerged under 12 feet (3.7 meters) of water last month.

14/01/2015 (Hindu Business Line) - Groundnut oil extended its gain by ₹10/10 kg on Tuesday, tracking firm reports from Saurashtra, which saw higher demand from brands. On Bombay Commodity Exchange, cotton refined declined by ₹2 and palmolein dropped by ₹5. Soyabean, sunflower and rapeseed oil ruled unchanged.

14/01/2015 (Bernama) - Felda Global Ventures Holdings Berhad (FGV) suffered a loss of about RM22 million after more than 1,400 hectares of its oil palm plantations were inundated by floods during the recent disaster.

13/01/2015 (Reuters) - Malaysian palm oil futures rose on Monday to hover near six-month highs on concerns over tight supplies in the No.2 grower after industry data revealed that end-stocks have dropped to their lowest in five months.

13/01/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Jan 13.

13/01/2015 (AllAfrica.com) - Recently, the Honourable Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, said that Nigeria ranks 26th in the world production of palm oil, falling from its leading position in the 60s and hardly satisfies the domestic demand.

13/01/2015 (Reuters) - Malaysian palm oil inventories fell to their lowest in five months at the end of December after monsoon rain and flooding curbed production in the second-largest grower, official data showed on Monday.

13/01/2015 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.