Archived News

04/12/2014 (The Star) - Shares of Sime Darby rose at mid-morning on Thursday after Kulim's shareholders approved the offer made by Sime Darby Plantation Sdn Bhd to buy a stake in New Britain Palm Oil Ltd. at 11.40am, its shares rose eight sen to RM9.59 with some 2.03 million shares traded between RM9.54 and RM9.60.

03/12/2014 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

03/12/2014 (The Dollar Business) - Changes in Import Tariff Value of Gold, Silver, Veg Oils

03/12/2014 (New Straits Times) - Malaysia and Bangladesh are expected to strengthen bilateral relations following a three-day visit by Bangladeshi Prime Minister Sheikh Hasina.

03/12/2014 (The Star) - Sime Darby Bhd’s wholly owned subsidiary, Sime Darby China Oils And Fats Co Ltd (SDCOF), has entered into an equity transfer agreement (ETA) with China-based Shandong Wanbao Agricultural Co Ltd to sell its 55% equity interest in Rizhao Sime Darby Oils & Fats Co Ltd (RSDOF) for 85.25 million yuan (RM45.2mil).

03/12/2014 (CosmeticsDesign-Asia.com) - Croda has announced that its manufacturing sites in India and Brazil are the latest to receive Roundtable on Sustainable Palm Oil (RSPO) Certification for Mass Balance production of CSPO ingredients.

03/12/2014 (Bloomberg) - Prices of vegetable oils made from crops including rapeseed may decline as falling crude cuts demand for biofuels, Oil World said.

03/12/2014 (FoodNavigator.com) - Changes to European labelling laws meaning the specific source of vegetable oil must be declared on pack could drive more food manufacturers to certified sustainable palm oil, according to one grower.

03/12/2014 (Bloomberg) - Sunflower oil exports from Ukraine, the world’s top producer, have surged by almost 40 percent from last year after global demand increased and attractive prices spurred buying, Oil World said.

03/12/2014 (Detroit News) - Palm oil may seem like the latest item to hit the food world, but it's been around for decades. After World War II, improvements in palm oil technology and transportation brought it to convenience and snack food manufacturing on an industrial scale. Palm oil — made from the fruit of the oil palm tree — has the perfect properties for food production; it's odorless, tasteless and solid at room temperature, which provides for consistent texture, mouth-feel and extended shelf-life in products like baked goods, fried foods and pizzas. Palm oil has gained in popularity, as food manufactures look for a substitute for partially hydrogenated oils — the source of dangerous trans fats, which have been increasingly banned across the globe (the U.S. FDA is considering banning them, too.)

03/12/2014 (The Star) - CIMB Equities Research is maintaining its Neutral sector rating for the plantations sector and continues to prefer planters that offer strong output growth prospects to offset weaker prices.

03/12/2014 (Business Green) - The cost of turning waste cooking oil into transport fuel could be dramatically reduced by new enzyme technology, Danish company Novozymes has claimed.