Archived News

15/08/2014 (Bloomberg) - Palm oil tumbled to the lowest level since 2009 on concern that record global reserves of soybeans used to produce an alternative oil may curb demand for the commodity used in everything from food to biofuels.

15/08/2014 (Hindu Business Line) - Bearishness continued in the edible oils market on Thursday, following a drop in overseas and domestic futures amidst lack of physical demand. Bearish palm oil and soya oil data from world markets pulled down sentiments besides progressing monsoon in main oilseeds producing States brightening prospects for kharif crops.

15/08/2014 (Bernama) - Malaysia's Gross Domestic Product (GDP) grew 6.4 per cent in the second quarter against 6.2 per cent registered in the first quarter of the year, driven by higher exports and continued strength in private domestic demand, Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz announced Friday.

15/08/2014 (Bernama) - Malaysia has reduced the export duty on crude palm oil for September to 4.5 per cent, according to the Malaysian Palm Oil Board website Friday.

15/08/2014 (The Star) - Plantations were among the major losers in Thursday's morning session as crude palm oil (CPO) futures fell to the lowest since October 2009 level of RM2,133.

14/08/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

14/08/2014 (Hindu Business Line) - Vegetable oil imports increased 25 per cent in July to 1,109,674 tonnes against 889,493 tonnes during the same period a year ago.

14/08/2014 (Reuters) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

14/08/2014 (Reuters) - India's palm oil imports rose by a tenth to 657,750 tonnes in July from a month earlier, data from a leading trade body showed, as buyers boosted shipments to meet a big gap in local supplies amid poor monsoon rains.

14/08/2014 (PRWEB) - The movers and shakers of the African palm oil industry along with the cocoa and rubber investors and stakeholders are gearing up for the African edition of CMT’s Palm Oil series, which offers vital industry dialog on ‘Mounting Pressures on Sustainability & New Challenges for the Palm Oil Industry’.

14/08/2014 (Bloomberg) - Sime Darby Bhd (SIME), the world’s biggest listed palm oil producer, said it’s slowing production in Liberia because of the Ebola virus.

14/08/2014 (BusinessDay) - Two major agriculture firms operating in Nigeria’s oil palm sector which are quoted on the Nigerian Stock Exchange (NSE) have recorded the strongest growth in six quarters, as second-quarter 2014 earnings spiked on increased price of palm oil at the international market, BusinessDay analysis shows.