Archived News

28/11/2014 (Reuters) - Indian soyoil futures extended losses on Thursday on a decline in rival Malaysian palm oil and higher imports of edible oils, while soybeans fell on sluggish export demand for soymeal.

28/11/2014 (Business Recorder) - The Karachi Port handled 108,532 tonnes of cargo comprising 75,695 tonnes of import cargo and 32,837 tonnes of export cargo including 2,692 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 75,695 tonnes comprised of 14,977 tonnes of containerised cargo; 20,146 tonnes of general cargo; 21,072 tonnes of bulk cargo: 12,600 tonnes of coal; 8,472 tonnes of soyabean meal and 19,500 tonnes of oil/liquid cargo.

28/11/2014 (Companiesandmarkets.com) - The Chinese detergent chemicals sector saw healthy import demand in recent years, driven by strong growth in the liquid detergents market. However, the Asian market suffered a setback at the end of last year following the impact of Typhoon Yolanda, one of the strongest tropical cyclones ever recorded. The typhoon caused a series of facility outages in Southeast Asia, including a shutdown at a major Chinese manufacturing plant, driving volatility in Palm Kernel Oil (PKO), a chemical predominantly used in the production of laundry detergent.

28/11/2014 (Reuters) - Malaysian palm oil futures fell on Thursday as crude oil prices plunged to their lowest in four years, stoking worries that the tropical oil may lose its appeal as an additive in biofuels, while rumours of palm cargo defaults in India spooked investors.

28/11/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

28/11/2014 (Bernama) - Bintulu Port Holdings Bhd (BPHB) posted a lower pre-tax profit of RM43.79 million in the third quarter ended Sept 30, 2014, against RM50.31 million recorded in the same period last year.

28/11/2014 (Bernama) - Upbeat about the long-term prospects of the oil palm industry, Jaya Tiasa Holdings Bhd is investing RM70 million in its fourth crude palm oil (CPO) mill.

27/11/2014 (Jakarta Post) - Palm shipments from Indonesia, the top producer, will probably drop this month and next as some importers bought most of their immediate needs in October when sales climbed to the highest since at least 2008. Futures fell, according to Bloomberg.

27/11/2014 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

27/11/2014 (Environmental Leader) - Ikea is the latest company to commit to using only sustainably sourced palm oil.

27/11/2014 (New Straits Times) - If IJM Corp Bhd is able to secure contract for Warisan Merdeka, third Light Rail Transit, Mass Rapid Transit (MRT) Line 2 and highway jobs, earnings from these packages are expected to begin in the financial year 2017, according to MIDF Research.

27/11/2014 (BusinessDay) - The Federal Government has said it would soon declare Cross River State as a staple crops processing zone (SCPZ).