Archived News

13/11/2014 (Reuters) - Malaysian palm oil futures ended lower on Wednesday, giving up some gains made in the morning session when it had touched a week high, after a bout of technical correction pressured prices of the tropical commodity.

13/11/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

13/11/2014 (Reuters) - Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

13/11/2014 (Reuters) - India's food ministry wants to double the import tax on crude edible oils and raise that on refined oils by 50 percent, but is waiting for other ministries to give their views before passing its recommendation to the cabinet, the food minister said.

13/11/2014 (Hindu Business Line) - An opposite trend was witnessed in the edible oils markets on Wednesday. Futures weakened after lower closing of Malaysian palm oil futures, while the spot market remained positive due to tight supply.

13/11/2014 (The Star) - Does the arrival of global biotech firms mark Malaysia’s official arrival on the international scene?

13/11/2014 (Jakarta Post) - The Energy and Mineral Resources Ministry’s renewable energy directorate general is optimistic it can maintain its policy of blending biodiesel with diesel fuel, despite the program’s realization remaining below target.

13/11/2014 (Jakarta Post) - In his usual straightforward style, President Joko “Jokowi” Widodo demanded that 21 Pacific Rim countries and territories lift trade restrictions on Indonesia’s primary commodities: palm oil, paper, rubber, rattan and marine products.

13/11/2014 (Jakarta Post) - Some 800 delegates from 30 countries will gather at the 12th annual conference of the Roundtable on Sustainable Palm Oil (RSPO) in Kuala Lumpur, beginning on Tuesday, to discuss the market response to sustainable palm oil and the impact of RSPO-certified palm oil on consumer behavior.

13/11/2014 (Reuters) - Palm oil company Golden Agri-Resources Ltd said its third-quarter net profit slid 86 percent to $4.4 million, the worst quarter in 11 years, weighed down by weak palm oil prices as well as challenging oilseeds business in China.

13/11/2014 (Hindu Business Line) - India's cooking oil imports hit a record in 2013-14 due to a surge in overseas purchases of soy and sunflower oils, a trade body said on Thursday.

12/11/2014 (Reuters) - Malaysian palm oil futures rose on Tuesday after the ringgit slumped to a four-year low and on expectations of a drop in output of the commodity in the No.2 producer this month, traders said.