Archived News

22/12/2014 (Jakarta Post) - Palm oil heavyweight Asian Agri (AAG), through its flagship company PT Inti Indosawit Subur, expects crude palm oil (CPO) production to remain at around 1 million tons next year as the company focuses on increasing productivity in existing plantations rather than expanding plantation areas.

20/12/2014 (Reuters) - Malaysian palm oil futures ended higher on Friday on concerns over monsoon rains hurting output and as crude prices ticked up, but the recovery was not enough to keep palm from its biggest weekly fall in three.

20/12/2014 (Bernama) - The government is exempting the 4.5 per cent export tax on crude palm oil (cpo) from Sept 1 this year until Feb 28, 2015 to boost cpo exports and reduce inventories, says Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas.

20/12/2014 (Phys.org) - Australian scientists have developed a model for oil palm cultivation, aimed at helping growers of the crop maximize the yields of their plantations, while minimizing detrimental environmental impacts.

20/12/2014 (Reuters) - Friday's Rotterdam vegetable oil prices at 1700 GMT.

20/12/2014 (Hindu Business Line) - Edible oils prices increased on Friday on the back of firm overseas market. On the Bombay Commodity Exchange, groundnut oil and sunflower oil rose by ₹5 each, cotton oil was up by ₹1, rapeseed oil by ₹15, palmolein and soyabean refined oil by ₹2 each for 10 kg. Lower than expected arrivals of oilseeds in producing centres pushed up sentiments for indigenous edible oils. Liberty was quoting palmolein at ₹4,78-480, super palmolein at ₹500 and soyabean refined oil at ₹595 for January.

20/12/2014 (Shanghai Daily) - An Indonesian delegation comprising 25 state-owned enterprises has held a business matching with their Myanmar counterparts to seek potential businesses and trade partners, sources with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said Friday.

20/12/2014 (Business Recorder) - The Karachi Port handled 147,528 tonnes of cargo comprising 120,918 tonnes of import cargo and 26,610 tonnes of export cargo including 7,019 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 120,918 tonnes comprised of 61,893 tonnes of containerised cargo; 4,748 tonnes of general cargo; 28,079 tonnes of bulk cargo and 26,198 tonnes of oil/liquid cargo.

19/12/2014 (Reuters) - Malaysian palm oil futures edged up on Thursday, swelled by a jump in crude oil prices, while wet weather warnings across parts of the second-largest grower stoked concern that yields of the tropical oil will drop this month.

19/12/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday.

19/12/2014 (FoodNavigator.com) - The UK’s Food and Drink Federation (FDF) has published a guide to help food companies switch to sustainably sourced palm oil.

19/12/2014 (Borneo Post) - Sarawak Oil Palms Bhd’s (SOP) long term prospects remain intact despite the cancellation of a plan to acquire more landbank for oil palm plantations.