Archived News

02/09/2014 (Jakarta Post) - Palm-oil company PT BW Plantation announced on Monday that Rajawali Corpora now owns 21.55 percent of the company following the latter’s purchase of two British Virgin Islands firms that own the stake.

29/08/2014 (Reuters) - Malaysian palm oil futures edged up in tight trade on Thursday, but stayed under the 2,000-ringgit mark as investors braced for an anticipated surge in rival edible oil supply amid rising palm oil production in the world's top growers.

29/08/2014 (Reuters) - China's imports of palm oil will remain below average as tight bank lending squeezes buyers' cash flow and, despite some relief on that front this week, the country's top importers say they will cut shipments in coming months.

29/08/2014 (InfoZine.com) - Recently Burger King announced a merger with the Canada-based Tim Hortons restaurant chain, and reactions to the merger are echoing across the blogosphere. The Union of Concerned Scientists (UCS) urges commentators to consider both companies record on palm oil.

29/08/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday.

29/08/2014 (Business Recorder) - The Karachi Port handled 80,372 tonnes of cargo comprising 45,206 tonnes of import cargo and 35,166 tonnes of export cargo including 5,181 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 45,206 tonnes comprised of 29,391 tonnes of containerised cargo; 7,968 tonnes of general cargo; 6,941 tonnes of bulk cargo: 4,747 tonnes of DAP; 1,128 tonnes of soyabean meal; 1,066 tonnes of palm kernal and 906 tonnes of oil/liquid cargo.

29/08/2014 (Reuters) - World's third-largest palm oil plantation operator, plans to buy Asian Plantations Ltd (APL) for 628 million ringgit ($199 million).

29/08/2014 (CPI Financial) - RH Capital is a special-purpose vehicle incorporated as the financing conduit for an Islamic sale-and-leaseback transaction, backed by three oil-palm plantations and two palm-oil mills located in Sarawak. The lessees, which are subsidiaries of Tiong Toh Siong Holdings Sdn Bhd (TTS or the Sponsor – one of the main holding companies within the Rimbunan Hijau Group), had sold their beneficial interests in the Assets to RH Capital. In turn, RH Capital had leased the Assets back to the respective lessees; the financial obligations under the Sukuk Ijarah are met via lease payments from the lessees.

29/08/2014 (Reuters) - Sime Darby Bhd, the world's top oil palm planter by landbank size, sees average palm oil prices at 1,900-2,200 ringgit ($601.9-$696.9) a tonne for the remaining part of 2014, the Malaysian group's CEO said on Friday.

29/08/2014 (Bernama) - Malaysian Palm Oil Board (MPOB) wishes to respond to the statement made by Ramould Siew, the President of Sarawak Natives Rights Network (Tahabas) published by Malaysia Kini online news portal dated 26 August 2014.

28/08/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

28/08/2014 (Biofuels International) - National flag carrier PT Garuda Indonesia will use avtur, a type of aviation turbine fuel, with biofuel to help reduce its carbon emissions.