Archived News

08/11/2014 (Nigerian Tribune) - Oyo State Governor Abiola Ajimobi Friday inaugurated the biggest automated edible oil refinery and margarine company in sub-Saharan Africa in Ibadan, with a pledge that his administration would continue to do all within its powers to ensure that the state continued to be the preferred destination of investors in Nigeria.

07/11/2014 (Bloomberg) - Palm oil will probably climb more than 12 percent, extending a bull market, as inventories contract in Malaysia and Indian imports expand, according to Dorab Mistry, director of Godrej International Ltd.

07/11/2014 (Nigerian Bulletin) - Nigeria's economy should be diversified in order to survive the current drop in the price of crude oil at the international market, Mr Najeem Salaam, the Speaker of Osun House of Assembly, on Thursday told newsmen.

07/11/2014 (Hindu Business Line) - India’s import of vegetable oils is likely to increase to new record at 12.3 million tonnes in the 2014—15 oil year starting this month, as slow start of domestic crushing would boost demand for overseas supplies, an industry official said today.

07/11/2014 (Hindu Business Line) - The edible oils market was dull on Thursday due to scattered physical volume amid weak overseas futures market. NCDEX and Bombay commodity exchange was closed due to Guru Nanak Jayanti. Ruchi and Liberty kept prices unchanged, while Allana lowered prices by ₹2-5 for soya and palm oil.

07/11/2014 (Thomson Reuters Foundation) - FAO's monthly food price index was stable in October, as sugar and vegetable oil prices rose to offset declines in dairy and meat prices.

07/11/2014 (Jakarta Post) - Indonesia’s gross domestic product (GDP) growth has decelerated to its slowest rate since the global financial crisis five years ago, with the country’s commodity based exporters taking the hardest hit, highlighting the urgency of President Joko “Jokowi” Widodo to swiftly undertake economic reforms to boost the manufacturing sector.

07/11/2014 (All About Feed) - Copra meal, a co-product of the production of coconut oil, and palm kernel co-products are used in many tropical countries as the main protein source in swine diets. These products are also a source of phosphorus, which is required to ensure proper bone growth, optimal growth performance, and for a number of other physiological functions in growing pigs.

07/11/2014 (Bernama) - Felda Global Ventures Holdings chairman Tan Sri Mohd Isa Abdul Samad says it is not fair to compare the company's performance with other companies for which plantations are only one of their core businesses.

07/11/2014 (Jakarta Post) - Indonesia’s economy has staggering throughout this year, but it may pick up pace next year because of a new government pledge to realize some key projects to boost domestic consumption, a research institution forecasts.

07/11/2014 (Reuters) - Vegetable oil futures on the Dalian Commodity Exchange (DCE) are undervalued against the cash market as they do not reflect doubts over U.S. carry-over stocks, deterring imports into China, the world's No.2 consumer, industry analyst Dorab Mistry said.

07/11/2014 (NASDAQ) - Malaysian exports in September rose 2.0% from a year earlier, official data showed Friday, driven mainly by demand for electronics and palm oil.