Archived News

02/01/2015 (Economic Times) - The agriculture ministry plans to lift ban on exports of pulses and edible oils, and seek cabinet approval for imposing 10% import duty on chana, to help protect farmers' interest, government officials said.

02/01/2014 (The Times and Democrat) - Cooking oils are used for many things: baking, frying, sauteing and dressings.

01/01/2015 (Jakarta Post) - The government will revise the government’s newly issued regulation on the protection and management of peatland amid growing protests from the business community, which said that the new ruling hurt plantation activities.

01/01/2015 (Bloomberg) - Flood-hit areas in Malaysia, the second-largest palm oil producer, may see showers and storms over the first week of 2015, according to the national weather agency, while a U.S.-based forecaster said although more rain is on the way the region may receive less than initially expected.

01/01/2015 (Reuters) - Malaysian palm oil futures fell on Wednesday, but held on to this month's strong gains as monsoon floods curb output in Malaysia, although the market recorded a 15 percent drop this year due to plentiful global edible oil supplies.

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

01/01/2015 (Bernama) - Most analysts are cautious on the outlook for the local equity market next year amid weak market sentiment.

01/01/2015 (Bernama) - Plantation Industries and Commodities Minister, Datuk Amar Douglas Uggah Embas, expects crude palm oil (CPO) production to reach 20 million tonnes next year from the estimated 19.5 million tonnes this year.

01/01/2015 (Solomon Star) - The Democratic Coalition for Change (DCC) Government says the implementation of its comprehensive development policy intentions and the effective delivery of government services will be the prominent features of the national budget during its tenure in office.

01/01/2015 (BusinessDay) - For Nigeria to meet the shortfall in local usage of crude palm oil and be self sufficient, it needs a total plantation of 300,000 hectares of land. This no doubt is huge and requires the support of government through its ministry of agriculture by providing suitable and adequate land for willing investors to invest in large estate plantations in the country. This would require a minimum of 20 years of palm tree planting at a very large scale.

31/12/2014 (Reuters) - Malaysian palm oil slipped on Tuesday as traders took profits after an eight-day rally, but prices remained supported by monsoon floods that have inundated plantations, threatening to reduce output in the world's second-largest producer.

31/12/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.