Archived News

11/06/2014 (Bernama) - The Malaysian Palm Oil Board (MPOB) has warned against the purchase of stolen fresh fruit bunches (FFB) in the state, saying it would not renew licences or withdraw those of manufacturers and traders indulging in such an act.

11/06/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday.

11/06/2014 (Bloomberg) - A moderate El Nino weather pattern would reduce palm oil output by as much as 12 percent in Malaysia, the world’s second-largest producer, IOI Corp. (IOI) Chief Executive Officer Lee Yeow Chor said.

11/06/2014 (Colombia Reports) - Colombia’s palm oil producers have called on the country’s government to protect the sector’s profitability amid the rising local currency, and continuing environmental and ethical concerns surrounding the industry, national media reported on Tuesday.

11/06/2014 (Bloomberg) - Palm oil imports by India, the world’s largest buyer, probably declined in May as refiners and traders bought more soybean and sunflower oils amid forecasts for record global supplies. Futures in Kuala Lumpur fell.

11/06/2014 (Bloomberg) - World production of biodiesel is forecast to climb to a record this year, with output in Brazil rising as the country increases mandates for incorporation in transportation fuel, Oil World said.

11/06/2014 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

11/06/2014 (VibeGhana) - The chief of Asuokwaw, Barima Kwame Ofori the second, has appealed for the provision of a processing factory for the production of palm oil and palm kernel oil, to boost business in the area.

11/06/2014 (Business Recorder) - Three ships C.V Safmarine Ngami, M.T Atlantic Glory and M.T Ashahda carrying containers chemicals and furnace oil were berthed at Qasim International Containers Terminal, Engro Vopak Terminal and at FOTCO Oil Terminal Port Qasim on Monday.

11/06/2014 (The Star) - The expected El Niño phenomenon will have a significant impact and is expected to push crude palm oil (CPO) prices up, said IOI Corporation Bhd chief executive officer Datuk Lee Yeow Chor.

11/06/2014 (Bloomberg) - The following table shows Malaysia’s palm oil production, stocks, exports and imports for May according to the Malaysian Palm Oil Board.

11/06/2014 (Jakarta Post) - Indonesia, the world’s biggest palm oil producer, is seeking new entry hubs in the Middle East and Southeast European countries in a bid to reduce its reliance on long-established markets in China, India and Europe.