Archived News

12/09/2014 (Bernama) - Sabah aims to attract investments of up to RM5 billion in the manufacturing sector this year, says Sabah Deputy Chief Minister cum Minister of Industrial Development Datuk Raymond Tan Shu Kiah.

12/09/2014 (Reuters) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.

12/09/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

12/09/2014 (Reuters) - Indian vegetable oils and oilseeds futures rose on Thursday, propelled by overseas markets, and palm oil futures surged on signs that demand may jump after a rise in exports.

12/09/2014 (Times of India) - Union agriculture minister Radha Mohan Singh on Thursday chaired the first meeting of executive committee on National Mission on Oilseeds and Oil Palm (NMOP). He informed that export of oilseeds constitutes largest component in agriculture sector. During 2012-13 foreign exchange worth Rs 23,681 crore was earned from export of oilseeds which stood at 63 lakh tonnes. This included 48.56 lakh tonnes of oil cakes, 9 lakh tonnes oilseeds and 6 lakh tonnes of oil.

12/09/2014 (Newswire Today) - Mr. Chris de Lavigne, Global Vice President, Consulting, Frost & Sullivan said that the average consumption of vegetable oils at 19 kg/ capita in China and 14 kg/ capita in India remains well below that of the West that stands at ~65 kg/ capita, thus China and India offering further upside in the food segment which accounts for the bulk of palm demand.

12/09/2014 (Hindu Business Line) - Edible oils prices were mixed on the back of ample supply on Thursday. Indigenous groundnut, sunflower and rapeseed oil gained ₹15, ₹2 and ₹7 for 10 kg each respectively. Imported soya oil, palmolein and cotton refined oil declined by ₹2, ₹2 and ₹3 each. Continuous weakness in domestic currency and firm palm oil futures markets lifted the sentiment and volume higher.

12/03/2014 (Business Recorder) - The Karachi Port handled 102,515 tonnes of cargo comprising 82,882 tonnes of import cargo and 19,633 tonnes of export cargo including 3,218 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 82,882 tonnes comprised of 42,504 tonnes of containerised cargo; 37,137 tonnes of bulk cargo: 20,885 tonnes of coal; 6,911 tonnes of DAP; 1,545 tonnes of rape seed and 3,241 tonnes of oil/liquid cargo.

12/09/2014 (Hindu Business Line) - Global food prices have fallen to the lowest level in four years led by dairy products, sugar and cooking oils on higher supplies, according to the Food and Agriculture Organisation.

11/09/2014 (Reuters) - Malaysian palm oil futures inched lower on Wednesday, tracking losses in crude and vegetable oil markets overseas with investors bracing for forecasts of bigger global oilseed supplies, although a surge in palm export curbed losses.

11/09/2014 (Bloomberg) - The following table shows Malaysia’s palm oil production, stocks, exports and imports for August according to the Malaysian Palm Oil Board.

11/09/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.