Archived News

22/07/2014 (Hindu Business Line) - The edible oils market witnessed a firm trend on Monday on the back of higher physical demand amid bullish domestic futures. However, Malaysian palm oil futures closed lower as demand eased.

22/07/2014 (Jakarta Globe) - Golden Agri Resources, one of the world’s largest palm oil holding companies, announced a plan to establish a 50-50 joint venture with Cepsa Quimica, a subsidiary of a Spanish energy giant, to produce and sell fatty alcohols — which can be used in making cosmetics — for the international markets.

22/07/2014 (Reuters) - Malaysian palm oil futures edged down on Monday, adding to losses chalked up in three straight weeks of declines, as weakness in soyoil and a firm ringgit weighed on the market, although news of an increase in exports limited the fall.

22/07/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.

21/07/2014 (Borneo Post) - Malaysian palm oil futures ended the day’s low on Friday due to mild buying interest emerged after the price gapped lower once it opened.

21/07/2014 (The Star) - A local research house is upbeat on the outlook of the timber sector going forward, maintaining its “Buy” recommendation on three Sibu-based companies.

21/07/2014 (Reuters) - Golden Agri-Resources Ltd, the Singapore-listed holding company of crude palm oil producer PT Sinar Mas Agro Resources and Technology (SMART), has invited Spain-based Compania Espanola de Petroleos (Cepsa) to produce and sell fatty alcohol, Director Jesslyne Widjaja said in a statement to Singapore Stock Exchange.

21/07/2014 (Borneo Post) - As the palm oil industry in Sarawak continues to be an important contributor to the state’s economic growth, the industry can also be an added source of energy for the state, says Sarawak Oil Palm Plantation Owners Association (Soppoa).

21/07/2014 (StarAfrica.com) - The Malaysian palm oil company, Sime Darby, has broken grounds for the construction of a $10 million palm oil factory in Liberia, the management told APA on Friday. Speaking at the ceremony, according to the Liberia News Agency Friday, the Deputy General Manager of Sime Darby, Rosli Mohammed Taib, said the decision to construct the mill was in fulfillment of the agreement the company signed with the Liberia Government in 2010.

21/07/2014 (Jakarta Post) - Palm oil stakeholders have voiced mixed reactions over a new regulation that now allows palm oil firms to claim some production costs from sales tax.

21/07/2014 (The Star) - The FBM KLCI was down at midday on Monday, dragged by losses in Petronas-linked stocks on lack of buying interest due to the ongoing global geopolitical concerns but Public Bank rebounded from last Friday's selling.

21/07/2014 (Hindu Business Line) - Edible oils market bounced back from the lower level on Friday, tracking higher closing of Malaysian palm oil futures. On the Bombay Commodity Exchange, palmolein declined by ₹1, as local refineries cut prices.