Archived News

05/08/2014 (Bloomberg) - Golden Veroleum Liberia, a palm-oil producer in the West African nation, said it expects its business operations to be disrupted in the short-term because of the Ebola outbreak.

05/08/2014 (Reuters) - Monday's Rotterdam vegetable oil prices at 1600 GMT.

05/08/2014 (Hindu Business Line) - The edible oils markets ruled weak on Monday, tracking bearish futures amid less than expected demand. Malaysian palm oil futures closed lower on expectation of higher production and lower exports in July. Tracking bearish reports from overseas local refineries have reduced their rates by ₹2-3. As a result, on the Bombay Commodity Exchange imported palmolein and soyabean refined oil declined by the same margin. Sunflower and cotton refined oil dropped by ₹3-4. Groundnut and rapeseed oil were steady, said sources.

04/08/2014 (Borneo Post) - Malaysian palm oil futures edged higher on Friday, after few weeks of decline due to weaker local currency which has supported the futures crude palm oil (FCPO) prices.

04/08/2014 (Jakarta Post) - Indonesia plans to set up a preferential trade agreement (PTA) with Turkey, aiming to boost the shipment of commodities and push up exports to US$2 billion in the near future.

04/08/2014 (BusinessDay) - Processing of oil palm is a viable investment because raw materials can be sourced at ease, the production technology is simple and feasible, and the market for end-products are automatic. Establishment of the plant will have a direct impact on the development of the rural sector. This can be argued on the premise that farm products, that is, fresh fruit bunches will be in high demand. At lot of investors are now establishing oil palm plantation because there is automatic market for palm products.

04/08/2014 (The Star) - FELDA Global Ventures Holdings Bhd (FGV), the world’s largest palm oil producer, is exploring more options to unlock value and monetise its transport and logistics division, say sources.

04/08/2014 (The Sun Daily) - Analysts view the selection of Sime Darby Bhd as the preferred bidder of Kulim (Malaysia) Bhd's equity interest in New Britain Palm Oil Ltd (NBPOL) as a good opportunity for the conglomerate to make its entry into Papua New Guinea.

04/08/2014 (Jakarta Post) - A palm oil industry group has demanded that the government cut the export duty on processed palm oil to help boost shipments amid new challenges in overseas markets.

04/08/2014 (Borneo Post) - Regional and local investors are mainly positive about Malaysia’s economic outlook, but some have expressed their concerns on the country’s household spending and high overall public debt.

04/08/2014 (Solomon Star) - The Chief Executive Officer (CEO) of Australian and New Zealand owned Bank (ANZ) and the Guadalcanal Plain Palm Oil limited (GPPOL) denied the reports that the attempt robbery at GPPOL targeted ANZ.

04/08/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.