Archived News

17/05/2014 (Alliance News) - Anglo-Eastern Plantations PLC cautiously reiterated its profit and cash flow forecasts for 2014, as it expects the price of crude palm oil to remain generally stable, despite concerns that reduced output would force buyers to reduce their purchases.

16/05/2014 (Reuters) - Malaysian palm oil futures stretched gains into a fourth straight session on Thursday, touching their highest in more than two weeks as a jump in export volumes in the first half of the month underpinned prices.

16/05/2014 (Commodity Online) - Palm oil futures are expected to trade on a mixed to positive note on positive overseas palm oil markets due to higher exports. However, weak domestic edible oils may cap sharp gains. Prices may also take cues from movement in the Rupee.

16/05/2014 (Reuters) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.

16/05/2014 (NST) - Fitters Diversified Bhd shares on Bursa Malaysia reacted positively after its unit entered into a memorandum of understanding (MoU) with POIC Trading Sdn Bhd yesterday.

16/05/2014 (Indonesia Investments) - Indonesian crude palm oil (CPO) exports may have increased 3.4 percent (month-to-month) to 1.85 million metric tons in April 2014 according to the median forecast of five analysts and traders compiled by Bloomberg. Exports are forecast to increase as buyers boost purchases ahead of the holy Muslim fasting month Ramadan in June and Idul Fitri celebrations. These festivities always trigger increased demand for palm oil. If this projection is accurate, it would imply that Indonesian CPO exports in April are the highest since December 2013.

16/05/2014 (Bangkok Post) - Thailand is losing its export markets to other members of the Association of Southeast Asian Nations (Asean) because of the Asean+3 trade agreement and the continuing political problem, according to Aat Pisanwanich, director of the Centre of International Trade Studies at the University of the Thai Chamber of Commerce,

16/05/2014 (The Star) - The price of crude palm oil (CPO) will likely be capped below the RM2,700-per-tonne mark this month, following uncertainties over rising palm oil inventories, the speed of the biodiesel mandate implementation in Indonesia and Malaysia, as well as the looming El Nino weather constraint.

15/05/2014 (Afribiz.info) - Côte d’Ivoire participates in GVCs involving many agro-food items (palm oil, cashews, pineapples, bananas) and agro-industries in heavy demand regionally or worldwide. The country supplies 40% of the world’s cocoa, as well as coffee (300 000 tons a year) and rubber (256 000 tons in 2012). These are exported unprocessed or after intermediate processing and attract giant international firms such as Cargill, Michelin, Olam, Nestlé and Unilever.

15/05/2014 (Reuters) - Malaysian palm oil futures rose to their highest in two weeks on Wednesday, boosted by a combination of data showing a rise in exports and expectations for an uptick in demand ahead of the Muslim holy month of Ramadan.

15/05/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

15/05/2014 (Bernama) - Shares on Bursa Malaysia finished higher on Wednesday with the FTSE Bursa Malaysia KLCI (FBM KLCI) closing at a new high of 1,879.2 points, surpassing the previous all-time of 1,872.52 recorded on Dec 30, 2013.