Archived News

31/10/2014 (Bernama) - Kenanga Research has maintained its outlook for average crude palm oil (CPO) price at RM2,500 per tonne for 2014 and 2015 due to lower inventory estimate by end-2015.

31/10/2014 (Reuters) - Indonesia set its crude palm oil export tax for November at zero, a trade ministry official said on Thursday, unchanged from the previous month.

31/10/2014 (Environmental Leader) - Global agribusiness giant Bunge has committed to building a traceable supply chain for 100 percent of the palm oil and palm derivatives it trades, processes and utilizes in commercial and consumer products worldwide.

31/10/2014 (Hindu Business Line)- The edible oils market continued to see an uptrendon Thursday, despite lower volume, tracking firm futures.

31/10/2014 (Reuters) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.

31/10/2014 (Reuters) - Jakarta shares fell on Thursday on political concerns while other Southeast Asian stock markets mostly rose, with some trading range-bound, after the U.S. Federal Reserve expectedly ended its massive quantitative easing programme.

30/10/2014 (Reuters) - Malaysian palm oil climbed to its highest level in almost 12 weeks on Wednesday, supported by gains in competing oilseed markets and on expectations the country's palm oil demand would increase because of a new biodiesel policy, traders said.

30/10/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

30/10/2014 (Bloomberg) - Palm oil may rally as much as 10 percent by March as declining output in the world’s top producers depletes inventories, according to Dorab Mistry, director at Godrej International Ltd.

30/10/2014 (Bernama) - IOI Corp Bhd, a fully-integrated upstream and downstream player in the palm oil industry, foresees the crude palm oil (CPO) price increasing in the first quarter of next year to between the RM2,300 and RM2,600 levels.

30/10/2014 (Bloomberg) - Wilmar International Ltd. (WIL) and Sime Darby (SIME) Bhd. were chosen by Dorab Mistry as his top picks among palm oil companies as the director at Godrej International Ltd. forecast prices will rally into next year. The shares rose as futures in Kuala Lumpur advanced to the highest since July.

30/10/2014 (Bernama) - Malaysia remains the southern Chinese city of Guangzhou's top trading partner in Asean, with the trade volume between both sides amounting to US$18.26 billion in the first nine months of the year.