Archived News

13/10/2014 (The Sun Daily) - Analysts are positive on Sime Darby Plantation Sdn Bhd's proposal to acquire all shares in New Britain Palm Oil Ltd (NBPOL) for a cash consideration of GBP1.07 billion or RM5.63 billion as it would be value enhancing for the conglomerate in the long term.

11/10/2014 (Bloomberg) - Palm oil stockpiles in Malaysia, the world’s top grower after Indonesia, climbed to the highest level since March 2013 as production fell less than predicted by analysts and traders.

11/10/2014 (Bernama) - The value-added of oil palm sub-sector in the first half of this year (1H14) increased by 8.1 per cent versus 7.6 per cent in the same period of last year, due to higher crude palm oil (CPO) production.

11/10/2014 (Bernama) - The incentives for commodities announced in Budget 2015 today will help alleviate the problems faced by the industry, especially the poor prices for rubber and palm oil, said Plantation Industries and Commodities Minister Datuk Douglas Uggah Embas.

11/10/2014 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) has lauded the government's move to extent the export duty exemption for crude palm oil (CPO) and new planting and replanting in the 2015 Budget tabled by Prime Minister Datuk Seri Najib Tun Razak.

11/10/2014 (Bernama) - Malaysia's crude palm oil (CPO) production fell by 6.64 per cent to 1.897 million tonnes in September from 2.032 million tonnes in August, the Malaysian Palm Oil Board (MPOB) said.

11/10/2014 (Bernama) - Market traders have welcomed the 2015 Budget and expressed confidence it would help to invigorate the economy.

11/10/2014 (Reuters) - Indian oilseeds and soyoil futures dropped on Friday, in line with the benchmark palm oil contract in Kuala Lumpur where prices fell to a one-week low.

11/10/2014 (Reuters) - Friday's Rotterdam vegetable oil prices at 1600 GMT.

11/10/2014 (The Star) - Sime Darby Bhd’s audacious bid for New Britain Palm Oil Ltd (NBPOL) has injected much-needed excitement into the markets that have been haemorrhaging over the last few days. Sime Darby’s offer to buy out NBPOL is rippling through the stock exchanges of Kuala Lumpur, London and the little-known Port Moresby Stock Exchange, with a total value of a whopping RM2.82bil created overnight.

11/10/2014 (Reuters) - Malaysian palm oil futures slipped to a one-week low on Friday, shaving off some gains made earlier this week as tumbling crude prices and disappointing export data stoked fears of weaker appetite for palm.

10/10/2014 (Reuters) - Malaysian palm oil fell on Thursday as the ringgit rallied and following recent declines in competing edible oil and crude prices, traders said, although recent trade and production data was seen providing support.