Archived News

30/12/2014 (AllAfrica.com) - Local palm oil and vegetable producers in the country have demanded that the Federal Government withdraw the 75 per cent import duty waiver granted to importers of crude palm oil being brought into Nigeria through the Lekki Free Trade Zone in Lagos.

30/12/2014 (Hindu Business Line) - Prices of edible oils increased further on Monday with imported palmolein and soya oil gaining ₹13 and ₹5/10 kg each in Mumbai tracking extended gain in the futures market and a ₹10-15 price hike by local refineries. However, stockists preferred to stay away keeping the volumes thin.

30/12/2014 (Hindu Business Line) - Palm oil futures on Bursa Malaysia Derivatives ended sharply higher on Monday on weather concerns as floods in the country’s key producing regions added to supply concerns. Severe monsoon flooding in Malaysia has forced a large number of people to evacuate and this is expected to cause higher-than-expected disruption in palm oil production

30/12/2014 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

30/12/2014 (The Star) - The floods that have ravaged the East Coast in the recent weeks are expected to reduce palm oil output from several Malaysian states.

29/12/2014 (Borneo Post) - Malaysian palm oil futures climbed higher on Friday to 2,249, due to expectation of the monsoon rain which could damage output for the rest of the year.

29/12/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

29/12/2014 (Reuters) - U.S. soybeans climbed to a two-week high on Monday as severe flooding in Malaysia, the world's second largest palm oil producer, threatens to curb global vegetable oil supplies.

29/12/2014 (Borneo Post) - Analysts are generally neutral on TSH Resources Bhd’s (TSH) recent announcement of its plans to expand its footprint in Sabah.

29/12/2014 (The Star) - The most intense cross-border oil palm plantation deal this year has to be the race for a major stake in London Stock Exchange (LSE) listed New Britain Palm Oil Ltd (NBPOL) based in Papua New Guinea (PNG).

29/12/2014 (Daily Times) - Malaysian palm oil futures hit their highest in over a month on Friday, notching their biggest weekly gain in eight weeks as fears of floods disrupting supplies in the world’s second-largest producer outweighed earlier losses.

29/12/2014 (Reuters) - Severe monsoon flooding in Malaysia that has forced more than a hundred thousand people to evacuate, is likely to cause a bigger-than-expected disruption to crude palm oil production in the world's No.2 producer, planters and traders said.