Archived News

06/11/2014 (Reuters) - Malaysian palm oil futures fell for a second day to a one-week low on Wednesday, tracking steep losses in soy and crude oil, and further pressured by another round of correction.

06/11/2014 (New Straits Times) - Malaysia’s palm oil exports for the year is expected to be better than last year’s RM61.36 billion as the commodity’s prices have improved and exporters are shipping out more volumes of oil.

06/11/2014 (Daily Express) - Indonesian workers are still the preferred workforce based on the experience of oil palm industry players in West Malaysia.

06/11/2014 (Hindu Business Line) - Edible oils futures witnessed sharp drop while the bearish trend continued on the spot market on Wednesday on higher selling amid slack demand. NCDEX soya oil futures dropped over one-and-half per cent, tracking extended loss on Malaysian crude palm oil futures. In the spot market, volume in imported oils was scattered. Indigenous sunflower and rapeseed oil gained marginally. On the Bombay Commodity Exchange, palmolein declined by ₹5for 10 kg, groundnut and cotton refined oil dropped by ₹5-10 each tracking bearish Saurashtra markets where groundnut oil eased by ₹25-30. Rapeseed and sunflower oil gained ₹5 each.

06/11/2014 (Bloomberg) - Weather conditions similar to El Nino will continue amid warming of the Pacific Ocean as thresholds for the event that brings drought to Asia and heavier-than-usual rains to South America may be reached by early next year.

06/11/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

06/11/2014 (Bernama) - The Government has approved the set of Malaysian Standard for Malaysian Sustainable Palm Oil (MSPO), MS 2530 MSPO Parts 1-4, on 5 September 2013. YAB Deputy Prime Minister Tan Sri Mohd Muhyiddin Mohd Yassin announced it on 19 November 2013 during the PIPOC International Palm Oil 2013 Conference.

06/11/2014 (Reuters) - Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

06/11/2014 (FoodNavigator.com) - DuPont Nutrition & Health believes a switch to sustainably certified palm oil will ‘raise the bar’ for sustainable emulsifier supply, says the firm.

06/11/2014 (StarAfrica.com) - Nigeria’s Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has said that the government is committed to supporting private sector investment in backward integration to make Nigeria self sufficient in oil palm production.Adesina told the management of PZ Wilmar that called on him on Wednesday in Abuja that the private sector could play a crucial role in putting Nigeria back to its rightful place by building the foundation for Nigeria to be what it should be.

05/11/2014 (Reuters) - Malaysian palm oil futures slipped on Tuesday to snap a five-day winning streak as losses in the soy and crude oil markets dragged, although the weakening ringgit stemmed the fall and kept prices near three month highs.

05/11/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.