Archived News

27/08/2014 (ProactiveInvestors.co.uk) - Liberum, while stopping short of a predicting a rebound, does think the crude palm oil price is bottoming outLiberum, while stopping short of a predicting a rebound, does think the crude palm oil price is bottoming out

27/08/2014 (The Star) - The proposed laws to restrict foreign ownership of plantations in Indonesia is not a deterrent to Felda Global Ventures Holdings Bhd’s (FGV) plans to expand its operations in that country.

27/08/2014 (Borneo Post) - Bintulu Port Holdings Bhd (Bintulu Port) registered higher earnings and turnover for the second quarter of 2014 (2Q14).

27/08/2014 (Hindu Business Line) - The price of coconut oil which was at its in peak, fell on Wednesday. “The sale of coconut oil in Erode, Kangeyam and some other places in the country has fallen due to speculative trade. Many traders expect prices to fall sharply by this weekend. After Onam, prices are expected to fall further,” said Murugavel, a trader. He said that for the past 10 days the coconut oil industry is facing a slash in price.

27/08/2014 (Business Standard) - Branded edible oil producers will soon cut prices by at least 10 per cent, passing on a global fall. That includes leading companies such as Cargill India, Adani Wilmer and Ruchi Soya.

27/08/2014 (Bloomberg) - Global production of seven major oilseeds will be larger than forecast last month as consumption is set to lag behind output for a third year, Oil World said.

27/08/2014 (Jakarta Post) - National flag carrier PT Garuda Indonesia is planning to mix avtur (aviation turbine fuel) with biofuel starting in 2016, to help reduce its carbon emissions.

27/08/2014 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

26/08/2014 (Bloomberg) - Palm oil shipments from Indonesia, the world’s largest producer, expanded to the highest level in seven months in July after India and countries in Africa increased purchases amid a decline in prices.

26/08/2014 (Bernama)- Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas wants the Malaysian Palm Oil Board (MPOB) to reduce red tape and go to the ground to meet the oil palm planters and mill operators.

26/08/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

26/08/2014 (Hindu Business Line) - Sentiment in edible oils, spot and futures market, turned positive as Malaysian palm oil and Chicago soya oil bounced back. On the Bombay Commodity Exchange, palmolein and soyabean refined oil declined by ₹8 and ₹5 for 10 kg each as refineries cut their rates tracking extended loss in overseas market. All other edible oils were steady. Vikram Global Commodities (P) Ltd, Chennai, quoted ₹535/10 kg for September delivery of Malaysian super palmolein.