Archived News

16/09/2014 (Hindu Business Line) - Vegetable oil imports increased 75 per cent in August to touch a record high of 1,333,480 tonnes (757,830 tonnes).

16/09/2014 (THISDAY Live) - In line with its commitment to increase financing efforts in the agro-processing sector, the Bank of Industry (BoI) and the Federal Ministry of Agriculture have expressed optimism of increased investment in the sector.

16/09/2014 (Indonesia Investments) - Indonesian stockpiles of crude palm oil (CPO) in August 2014 may have reached the highest level in 15 months on increased production and reduced global demand. According to data compiled by Bloomberg, CPO stockpiles in Indonesia surged 24 percent to 2.5 million metric tons in August (from 2.02 million metric tons in the previous month). Meanwhile, Indonesian CPO production grew 19 percent to 2.55 million metric tons, while CPO exports declined 2.2 percent to 1.8 million metric tons. Bloomberg used data from five planters and one refiner.

15/09/2014 (Borneo Post) - Malaysian palm oil futures climbed higher on Friday to 2084, due to increasing crude palm oil overseas demand.

15/09/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.

15/09/2014 (Bernama) - Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas has expressed hope that Malaysia could grow its share of China's vast furniture market.

15/09/2014 (Bernama) - Malaysia exported a total of 1.3 million tonnes of palm oil and palm-based products valued at RM3.5 million to China in the period of January to April 2014.

15/09/2014 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, climbed to the highest level in eight months after prices slumped to a five-year low on swelling global cooking oil supplies.

15/09/2014 (Bernama) - There are ample oppurtunities to explore investment in palm oil industry in valued-added downstream activities such as oleochemicals, pharmaceuticals, processed food, speciality products and even consumer products, said Minister of Plantation Industries and Commodities, Datuk Amar Douglas Uggah Embas.

15/09/2014 (Daily Express) - A one chain or 20 metre distance along the lower Kinabatangan riverbank encompassing 104 hectares will be rid of all oil palm vegetation from the middle of next month as part of a long-term exercise.

15/09/2014 (Borneo Post) - Since the second quarter, general commodities have been dropping. In Malaysia, FCPO (palm oil futures) slid from RM2,900 per tonne highs and sequentially, it went down on monthly basis to the current RM1,900 per tonne regions.

15/09/2014 (Reuters) - India's palm oil imports rose 22.4 percent to 805,131 tonnes in August from a month earlier, data from the Solvent Extractors' Association of India (SEA) showed on Monday.