Archived News

23/06/2014 (Borneo Post) - Malaysian palm oil futures ended higher for the week on Friday although it closed lower on Friday due to weaker soyoil markets and poor export reports despite a recent spike in crude prices due to tensions in Iraq.

23/06/2014 (Bloomberg) - Palm oil purchases by China, the second-biggest buyer, may decline by about 11 percent this year as economic expansion slows and banks tighten lending to commodity importers, a survey shows.

23/06/2014 (Business Recorder) - For the first time, a 100 percent produced and packed Malaysian palm vegetable cooking oil is available in Pakistan. At the product launching ceremony of Century cooking oil, Consul General of Malaysia in Karachi Abu Bakar Mamat stated that the consulate would continue to facilitate the efforts by Malaysian companies to expand the presence of Brand Malaysia in the country. Century cooking oil is a product of Pan Century Edible Oils Sdn. Bhd., an IOI Group owned company.

23/06/2014 (The Star) - If El Nino becomes a reality this year, it is set to affect palm oil production and supply, as well as global prices.

23/06/2014 (Business Recorder) - A cargo volume of 106,553 tonnes comprising 94,303 tonnes of import cargo and 12,250 tonnes of export cargo inclusive 1,344 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 94,303 tonnes includes 47,472 tonnes of diesel oil; 20,940 tonnes of palm oil; 5,445 tonnes vegetable oil; 2,769 tonnes of MEG; 5,012 tonnes of chemicals; 11,015 tonnes of steel coil and 1,650 tonnes of containerised cargo.

23/06/2014 (The Guardian Nigeria) - Sterling Bank Plc has restated its commitment to the strategic growth of the nation’s agriculture sector by providing adequate funding in line with the ongoing reforms.

23/06/2014 (Business Standard) - Prices of sesame and crude palm oil edged higher by Rs 50 per quintal at the wholesale oils and oilseeds market today on scattered buying.

23/06/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

21/06/2014 (Reuters) - Malaysian palm oil futures ended lower on Friday to follow weaker soyoil markets and as poor exports dragged, although the recent surge in crude prices due to tensions in Iraq lifted weekly prices to their biggest gain in eight.

21/06/2014 (The Star) - The local palm oil sector which has been driven by the upstream segment in the past decades is set to change its course through increased contribution from the downstream segment in the coming years, according to the Performance Management and Delivery Unit (Pemandu), and Malaysian Palm Oil Board (MPOB).

21/06/2014 (Sun.Star) - An environmental group urged the Davao City Government on Friday to also look at the perils of foreign corporate-controlled oil palm plantations based on people's experiences and not only the companies' promises of economic development.

21/06/2014 (Sun.Star) - Environmental group Panalipdan Southern Mindanao has called on the City Government to study any proposed investment on oil palm expansions in Marilog and Paquibato districts.