Archived News

03/12/2014 (Jakarta Post) - Economic diplomacy will be the priority for Indonesia’s strengthening relations with the United Arab Emirates in the future, with pledged changes and shifts in Indonesia’s investment bureaucracy hoping to realize better economic cooperation.

03/12/2014 (Bernama) - Malaysia has been listed by the US Department of Labor (US DOL) as one of the countries practicing forced labour in the oil palm industry in The Department of Labor’s List of Goods Produced by Child Labor or Forced Labor in the last five consecutive reports in 2009, 2010, 2011, 2012 and 2013. In its latest report dated 1 December 2014, Malaysia has been listed as one of the countries which practices not only forced labour but also child labour in the oil palm industry.

03/12/2014 (Bernama) - A total of 46,849 smallholders throughout the country have benefited from aid and subsidies from the Malaysian Palm Oil Board (MPOB), said Plantation Industries and Commodities Deputy Minister Datuk Noriah Kasnon.

02/12/2014 (Reuters) - Malaysian palm oil futures recorded its biggest daily decline since July 2013 on Monday as crude oil hit five-year lows and export data showed weakening global demand for palm oil.

02/12/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.

02/12/2014 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

02/12/2014 (Bangladesh News 24 hours) - Bangladesh will stress manpower export and trade gap reduction during Prime Minister Sheikh Hasina’s official visit to Malaysia, beginning Tuesday.

02/12/2014 (The Guardian) - Today, Cargill Meats Thailand imports soymeal from Brazil and Argentina to feed chickens, which are raised, slaughtered, processed, cooked and frozen into a wide range of products, most destined for restaurants and supermarkets in Japan, Europe, Canada and Hong Kong. Chicken parts that don’t appeal to western appetites — feet, heads and the like — are consumed locally or exported to nearby Asian markets.

02/12/2014 (The Star) - Sime Darby Bhd is selling a 55% stake in its China-based unit Rizhao Sime Darby Oils & Fats Co. Ltd (RSDOF), for RM45.2mil to Shandong Wanbao Agricultural Co., Ltd.

02/12/2014 (Hindu Business Line) - Crude palm oil futures on the Bursa Malaysia Derivatives plunged on Monday as crude oil hit five-year lows and export data showed weakening global demand for palm oil. Cargo surveyor Societe Generale de Surveillance reported that exports fell 10.5 per cent from a month ago due to weaker demand. CPO active month February futures are lower in line with our expectations. As mentioned in the previous update, a fall below MYR 2,185/tonne could see prices testing next important support near 2,135-40 levels immediately followed by 2,100. And a close below MYR 2,175/tonne could be a trigger for a fall that could see prices heading towards 2,100 levels or even lower to 2,050. The present fall could accelerate further if prices fail to hold supports near the important MYR 2,030-40. Such a decline could see prices testing recent lows at 1,900 levels. Chances exist even for a further decline towards MYR 1,850 levels in the coming weeks. Stiff resistance will be seen at MYR 2,175-85/tonne levels now.

01/12/2014 (Borneo Post) - Malaysian palm oil futures fell on Friday to, 2,170 due to weakening crude oil prices.

01/12/2014 (Bangladesh News 24 hours) - Prime Minister Sheikh Hasina will embark on an official visit to Malaysia on Tuesday to take relations with the major Bangladeshi labour export destination to a new high.