Archived News

29/10/2014 (Reuters) - Palm oil on the European vegetable oils market eased slightly because of disappointing Malaysian palm oil exports during the first 25 days of October, fuelling concerns that falling output might still outpace demand, which could lead to growing palm oil stocks.

29/10/2014 (Hindu Business Line) - India’s demand for edible oils has been rising consistently at a compounded annual growth rate of 2.7 per cent in the last three years and around 5.5 per cent in the last five years. Apart from population growth, another significant factor driving edible oil demand is the increase in disposable income among the growing middle class. Usually, India imports about 60 per cent of its edible oil demand of 17-18 million tonnes. Its dependence on imported oil hit a record high this year and is expected to post fresh highs in the future.

29/10/2014 (The Star) - Plantations and banks rallied in late morning trade on Wednesday, pushing the FBM KLCI up more than 13 points.

29/10/2014 (The Star) - Plantation stocks advanced on Wednesday, as investor sentiment was underpinned by the B7 biodiesel plan and upswing in crude palm oil (CPO) prices to the highest since August.

29/10/2014 (Reuters) - Rising risks of deflation in major economies have rekindled worries about global growth, but sliding prices for oil and other commodities should boost most of Southeast Asia.

28/10/2014 (Reuters) - Malaysian palm oil futures edged down on Monday, slipping off a two-week high as losses in overnight soy markets as well as weak crude prices weighed, although optimism that wet weather could cap output in the world's top palm growers provided support.

28/10/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.

28/10/2014 (Hindu Business Line) - Crude palm oil futures on Bursa Malaysia Derivatives were lower on Monday as falling soya futures weighed on sentiments. Prospects that farmers in the US mid-west would eventually speed up harvesting pushed prices lower. The recent rally in soya futures was due to delay in harvest. Weather could, however, offer some support going forward for CPO futures.

28/10/2014 (Reuters) - India is considering raising import taxes on crude and refined vegetable oils to protect local farmers and the refining industry, two government sources said, as purchases by the world's top importer are expected to hit a record this year.

28/10/2014 (Bernama) - Felda Global Ventures Holdings Bhd (FGV), the world's largest producer of crude palm oil (CPO), will be at forefront of graphene manufacturing revolution with the signing of two Asia-Pacific distribution agreements.

28/10/2014 (Bernama) - Malaysia, the world's largest palm oil producer after Indonesia, will implement the Biodiesel B7 programme for the subsidised sector next month.

28/10/2014 (Bernama) - The Malaysian Palm Oil Council (MPOC) expected crude palm oil price (CPO) to increase to between RM2,100 and RM2,500 next year, lifted by factors such as biofuel demand and petroleum price level.