Archived News

17/11/2014 (Invest Asian) - The falling price of commodities present a challenge for the Malaysian economy, Southeast Asia’s third largest. Some of the country’s major exports, such as palm oil, tin, and crude oil are hovering near their four-year lows and the Bloomberg Index of 22 raw materials fell to their lowest level since 2009 this week

17/11/2014 (Climate Central) - Last August, from the window of a jet high over Sumatra, I counted nearly a dozen plumes of smoke rising from the vast jungles and plantations below. Some more than a half-mile wide, they looked like pillars holding up the sky. That week the Indonesian Disaster Mitigation Agency detected 143 new wildfires in Riau Province, the area beneath my flight. All of the fires were almost certainly related to deforestation for timber operations and agriculture — predominantly oil palm cultivation.

17/11/2014 (Business Recorder) - The Karachi Port handled 149,689 tonnes of cargo comprising 124,345 tonnes of import cargo and 25,344 tonnes of export cargo including 5,025 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 124,345 tonnes comprised of 47,207 tonnes of containerised cargo; 47,763 tonnes of bulk cargo: 25,700 tonnes of coal; 8,921 tonnes of wheat; 12,127 tonnes of DAP; 1,015 tonnes of sunflower seeds and 29,375 tonnes of oil/liquid cargo.

17/11/2014 (Bloomberg) - Soybean futures fell the most in 19 weeks as forecasts for rain boost crop prospects in Brazil, the world’s top exporter last season. Wheat rose to the highest since August on concern a U.S. freeze will damage plants.

14/11/2014 (Reuters) - Malaysian palm oil futures extended losses into a second day on Thursday, following competing soy markets, with investors keeping a close watch on crude prices at near four-year lows.

14/11/2014 (Bloomberg) - Palm oil inventories in Indonesia probably dropped for a second month in October as drought curbed production and exports climbed from the world’s top supplier.

14/11/2014 (BusinessDay) - Omorefe Asemota, the executive director, Nigerian Institute for Oil Palm Research (NIFOR), said oil palm commodities and their value chain were profitable agricultural ventures.

14/11/2014 (Hindu Business Line) - Imported edible oils ruled weak tracking bearish overseas futures, while indigenous oils gained by ₹5/10 kg on lower-than-expected arrivals of seeds in producing centres.

14/11/2014 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, slumped for the first time in four years as record global cooking oil supplies narrowed its discount to soybean and sunflower oils.

14/11/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Nov 14.

14/11/2014 (Business Recorder) - Four ships C.V Maersk Hartfort, C.V CMA CGM Corneille, M.T Horizon and M.T Stoll Courege carrying containers palm oil and chemicals were berthed at Qasim International Container Terminal, Liquid Cargo Terminal and Engro Vopak Terminal respectively at Port Qasim on Wednesday.

14/11/2014 (Bloomberg) - Malaysia’s economic expansion slowed last quarter after exports (MAETEYOY) and investments cooled, an easing that may persist as subsidy cuts weigh on private consumption.