Archived News

07/05/2014 (Daily Times Nigeria) - Vice Chancellor of University of Ilorin, Prof. AbdulGaniyu Ambali, has said that the Nigerian University would soon establish an oil palm plantation of more than 1,000 hectares.

07/05/2014 (Bloomberg) - Palm oil stockpiles in Malaysia, the world’s second-biggest supplier, probably advanced for a second month as output climbed to the highest level since December.

07/05/2014 (Mongabay.com) - Genting Plantations Bhd's stock price fell by more than two percent after the palm oil company's membership in the Roundtable of Sustainable Palm Oil (RSPO) was suspended due to a complaint from the Borneo Rhino Alliance for failing to abide by the body's principles on establishing new plantations, reports The Edge Financial Daily.

05/05/2014 (Borneo Post) - Malaysian palm oil futures fell 2.56 per cent for the week on Friday, following weak comparative vegetable oils although traders expected prices to rebound soon due to high seasonal demand. Futures crude palm oil (FCPO) settled at 2,592 which was down 68 points from 2,660 last Friday. Despite the lack of one day trading due to Labour Day, volume still managed to increase to 135,636 contracts from 134,193 contracts totalled last week. Moreover, open interest based on Thursday increased to 188,981 contracts from 187,970 contracts last Thursday.

05/05/2014 (The Star) - Local palm oil refiners are bracing for the impact of Indonesia’s proposed changes to its palm oil export duty structure.

05/05/2014 (LBO) - Agalawatte Plantations, a unit of Sri Lanka's Mackwoods group said it will expand its oil palm cultivation which had become a key contributor to gross profits in 2013, amid declining rubber prices and weather affected tea.

05/05/2014 (Business Recorder) - Asking prices on the European vegetable oils market eased on Friday following a sharp dip in CBOT soyaoil futures, followed by a slide in Malaysian palm oil futures, both on technical selling. "Business was slow, partly because of the weaker prices, which kept buyers on the defence hoping that they will ease further. The market was also lacklustre because of limited participation as many players had bridged between May Day on Thursday and the weekend," one broker said.

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

07/05/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.

03/05/2014 (Reuters) - Friday's Rotterdam vegetable oil prices at 1600 GMT.

03/05/2014 (Bloomberg) - Asia Biogas Group will build a plant in Thailand for Pupanich Palm Oil Co. to turn waste into power.

03/05/2014 (Xinhua) - Indonesia trade performance witnessed a surplus in March as export of a commodity rose amid rising global demand, encouraging policymakers to move with effort to narrow current account deficit.