Archived News

11/09/2014 (Hindu Business Line) - Kharif oilseeds output may decline by up to two million tonnes over last year as the area under the crops has declined due to poor monsoon coverage, according to the solvent extraction industry. This could fuel a record import of edible oils next season starting November, with industry pegging shipments at some 12 million tonnes.

11/09/2014 (Hindu Business Line) - A weak rupee, which makes imports costlier, and a jump in palm oil production resulted in lower trade volume in edible oils. The rupee was trading lower at 60.85/90. Weak overseas futures also weighed on the sentiments.

11/09/2014 (Argus) - Global oilseed and vegetable oil markets look increasingly bearish in the lead up to the latest world supply and demand report from the US Department of Agriculture (USDA), to be released tomorrow.

11/09/2014 (Bloomberg) - Palm oil stockpiles in Malaysia, the top producer after Indonesia, surged in August by the most in almost five years as output for the month rose to a record.

11/09/2014 (Hindu Business Line) - A turf war has once again broken out between Indonesia and Malaysia, two of the world’s top palm oil producers, to retain market share in the lucrative export business. The latest in the series of trade wrangles is the recent Malaysian announcement that it will do away with export duty on crude palm oil (CPO) for September and October. The rate of export duty is 4.5 per cent.

11/09/2014 (Jakarta Post) - The government said Indonesia, the world’s largest palm oil producer, had seen investment of US$2.7 billion in the country’s downstream palm oil industry between 2012 and 2014.

11/09/2014 (The Star) - CIMB Equities Research is maintaining its Neutral outlook for the plantation sector after the bumper harvest for oil palm in August.

11/09/2014 (Reuters) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

11/09/2014 (Thomson Reuters Foundation) — For generations, villagers in Cameroon have been pounding the bright orange fruits of the oil palm to release the strongly flavored red oil — a key ingredient of local cuisine.

10/09/2014 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

10/09/2014 (Bernama) - The Minister of Plantation Industries and Commodities Datuk Amar Douglas Uggah Embas will be leading a palm oil, rubber and timber promotion mission to the People's Republic of China from Sept 12 to 17.

10/09/2014 (Bloomberg) - Shipments of palm-kernel oil and coconut oil are expected to climb in 2014-15, rebounding from a year-earlier slide in part as coconut production in the Philippines recovers from typhoon damage, Oil World said.