Archived News

10/11/2014 (Philippine Information Agency) - The Development Bank of the Philippines signed recently a Memorandum of Agreement (MOA) for the development of a palm oil plantation and oil mill in Kalilangan, Bukidnon under its Tree Plantation Financing and Sustainable Agri-Business Financing Programs.

10/11/2014 (DAWN.com) - The Pakistan Vanaspati Manufacturers Association (PVMA) has claimed that it has reduced prices of ghee and cooking oil all over the country, but consumers in Karachi have witnessed no such relief.

08/11/2014 (Reuters) - Friday's Rotterdam vegetable oil prices at 1700 GMT.

08/11/2014 (Bernama) - Malaysia's total trade in September 2014 improved 1.6 per cent to RM119.72 billion from RM117.88 billion a year ago, while the trade surplus was recorded at RM9.33 billion, said the Ministry of International Trade and Industry (MITI).

08/11/2014 (Bernama) - The Sabah state government, Friday tabled a RM3.812 billion budget for 2015, its first surplus budget since 2008.

08/11/2014 (Jakarta Post) - Palm oil producers anticipate only a small increase in exports next year as demand from buyers is expected to be weak.

08/11/2014 (The News International) - Ghee and vegetable oil manufacturers on Friday cut the prices by Rs3/kilogram in line with the soft commodities prices in world market and a drop in inland freight charges after the government slashed the petroleum prices, an industry official said.

08/11/2014 (AllAfrica.com) - The Sime Darby Foundation (SDF), the philanthropic arm of Sime Darby group is expected to donate 5.7 million rubber gloves valued at US$155,000 to the Government of Liberia today, Friday, to help in the fight against Ebola to the final end.

08/11/2014 (Hindu Business Line) - Edible oils ruled weak on Friday on slack physical demand amid bearish futures. On the Bombay Commodity Exchange, major edible oils declined by ₹5-10 for 10 kg, while groundnut oil lost by ₹30 for 10 kg. Indigenous oils witnessed a sharp drop due to higher selling pressure, while imported palmolein and soya oil eased despite weak domestic currency as stockists stayed away. Rupee declined to ₹61.70 against the dollar making import costly. Stockists stayed away as they have bought enough in advance. Even weakness in domestic currency could not support the sentiment. During the day, hardly 500-600 tonnes of palmolein were traded in the range of ₹495-497. Improved arrivals of groundnuts and cottonseeds in Saurashtra and soyabean arrivals in Madhya Pradesh also weighed. Soyabean arrivals were around 6.50 lakh bags at the national level and of this, Madhya Pradesh received over 4.50 lakh sbags.

08/11/2014 (Hindu Business Line) - Coconut oil prices fell by ₹50 per 15-kg on Friday. “Two days ago, copra prices rose to ₹10,600 a quintal and it dipped to ₹9,600-10,100. Over 10 tonnes of copra were sold in the last five days. Coconut oil prices decreased to ₹2,100-2,130 for 15-kg loose pack on Friday. More than 10 lorry loads (roughly 140 tonnes) of coconut oil were sold, a major portion was procured by traders in Kerala,” said RM Palanisamy, a coconut oil trader. He said traders are expecting prices to fall further. Demand for edible copra has increased and some traders have received fresh orders from Pakistan. It was sold at ₹11,100 a quintal on Friday. Further, the sale of coconut in Karnataka and Kerala has increased.

08/11/2014 (Jakarta Post) - The government will impose a moratorium on the issuance of all forest-exploitation permits as part of its effort to slow down the country’s rapid deforestation rate.

08/11/2014 (Borneo Post) - Jaya Tiasa Holdings Bhd (Jaya Tiasa) experienced a 5.4 per cent year on year decline in log production in the third quarter 2014 (3Q14) on account of bad weather conditions slowing down harvesting process.