Archived News

05/12/2014 (Bernama) - The Minister of Plantation Industries and Commodities, Datuk Amar Douglas Uggah Embas will be leading a timber and palm oil promotion mission to The Netherlands and Belgium from Dec 8-10.

05/12/2014 (Inter Press Service) - Last week, Indonesia’s new president, Joko Widodo, ordered the country’s Ministry of Environment and Forestry to review the licenses of all companies that have converted peatlands to oil palm plantations.

05/12/2014 (Bloomberg) - Palm oil inventories in Malaysia probably climbed to the highest since February 2013 as a tax exemption on exports failed to spur shipments from the world’s second-biggest producer.

04/12/2014 (Reuters) - Malaysian palm oil futures rebounded in late Wednesday trade to their highest in nearly a week, reversing intraday losses as gains in competing soyoil markets as well as hopes for smaller output in December supported prices.

04/12/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

04/12/2014 (Borneo Post) - The Malaysian Palm Oil Board (MPOB) will take legal action against two palm oil traders in Sarawak, who will be brought to court on suspicion of trading fresh fruit bunches (FFB) without license.

04/12/2014 (Reuters) - The world's biggest palm oil producers, Indonesia and Malaysia, are set to benefit from an imminent fall in rapeseed output in India, a top industry body said on Wednesday.

04/12/2014 (Bernama) - The Malaysian government, which does not condone any act of forced and child labour, takes seriously allegations and findings in the report of the United States Department of Labour (DoL), which was released recently.

04/12/2014 (Hindu Business Line) - If someone wants to have an authentic data on the prices of rice or wheat or pulses or vegetables in the open market in Chennai, the website of the Civil Supplies and Consumer Protection Department (http://www.consumer.tn.gov.in/) has it.

04/12/2014 (NASDAQ) - Malaysia's exports likely fell year-on-year in October, its first monthly contraction since June last year, on the back of weak global demand for electronics and falling commodity prices.

04/12/2014 (Hindu Business Line) - Prices of edible oils ruled unchanged on Wednesday on need-based physical demand amid thin volatility in the futures markets. Stockists preferred to fulfil old commitments and stayed away from fresh buying. On the Bombay Commodity Exchange, prices for major edible oils ruled steady. Vikram Global Commodities (P) Ltd quoted ₹520/10 kg Malaysian super palm December delivery. Liberty was quoting palmolein at ₹483/485, super palmolein ₹505 and soyabean refined oil ₹585. Ruchi traded palmolein at ₹481, soyabean refined oil ₹575 and sunflower refined oil ₹640. Allana traded palmolein at ₹487, super palmolein ₹512, soyabean refined oil ₹590 and sunflower oil ₹640.

04/12/2014 (Business Times) - National Association of Smallholders (Nash), which represents thousands of small farmers in Malaysia, has slammed Belgium for its illegal and defamatory “No Palm Oil” labelling on packaged foods and beverages, which is hurting oil palm planters’ livelihoods.