Archived News

10/06/2014 (Reuters) - Malaysian palm oil ended flat on Monday after the ringgit advanced to its highest in nearly seven months, with a stronger overseas soy market helping to offset losses and keep prices locked in a tight trading range.

10/06/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.

10/06/2014 (Bernama) - The way forward to resolve the labour shortage in the oil palm industry is to increase the level of mechanisation, said Minister Of Plantation Industries and Commodities Datuk Amar Douglas Uggah Embas.

10/06/2014 (Bernama) - Malaysia-based multinational conglomerate, Sime Darby Bhd, plans to almost double its market capitalisation to RM100 billion on Bursa Malaysia by 2016 from RM57.73 billion recorded to date.

10/06/2014 (Bernama) - Bursa Malaysia Bhd hoped that its new products and strategies, namely, the new US dollar-dominated refined, bleached and deodorized palm olein futures contracts (FPOL), will sustain its unique advantages as Asean's multinational marketplace and drive investment growth.

10/06/2014 (Bernama) - Multinational Conglomerate, Sime Darby Bhd, is planning to plant up to 100,000 hectares of oil palm in Liberia within the next 10 years.

10/06/2014 (Reuters) - Malaysia's derivatives exchange said on Monday it will launch its palm olein futures contract on June 16, though traders said it could face a challenge building up turnover to match the success of its benchmark futures contact.

10/06/2014 (Borneo Post) - The Malaysian Palm Oil Board (MPOB) will soon make it mandatory for palm oil millers in the state to record the source of fresh fruits bunches (FFB) they buy.

10/06/2014 (Hindu Business Line) - The edible oils market witnessed a mixed trend on Tuesday with groundnut and cotton refined oil gaining ₹10 and ₹1 each on firm reports from Saurashtra. Palmolein increased by ₹3/10 kg on back of higher physical demand amid extended gain in domestic soya oil futures thus encouraging stockists for new commitments. Soyabean, sunflower and rapeseed oil ruled unchanged. Local traders bought nearly 700-800 tonnes of palmolein at ₹553-555 directly from the local refineries. Vikram Global Commodities (P) Ltd, Chennai, quoted ₹600/10 kg for Malaysian super palmolein June delivery. Liberty was quoting palmolein at ₹555, super palmolein ₹570 and soyabean refined oil ₹645 up to July 10. Ruchi was quoting palmolein at ₹553, soyabean refined oil ₹635 and sunflower refined oil ₹640. Allana was quoting palmolein for ₹553/556 ex JNPT/Khapoli, soyabean refined oil ₹637 and sunflower refined oil ₹655.

09/06/2014 (Borneo Post) - Futures crude palm oil (FCPO) for August 2014 contracted as its benchmark contract fell for its third straight week; settling at 2,414 which was down nine points or 0.37 per cent from 2,423 last Friday due to stronger ringgit, weaker soyoil markets and the possibility of bigger stockpiles.

09/06/2014 (The Star) - Public Invest Research has a fair value of RM1.74 for Boustead Plantations, an upstream oil palm plantation company, which is slated for listing on June 26, 2014.

09/06/2014 (AllAfrica.com) - Golden Veroleum Liberia (GVL) is developing a sustainable palm oil industry in West Africa, at once meeting growing global demand and lifting a nation out of poverty