Archived News

28/06/2014 (Solomon Star) - New Britain Palm Oil Ltd (NBPOL), represented in the Solomon Islands by Guadalcanal Plains Palm Oil Ltd (GPPOL) held another awareness session, this time at Balo village at Aola over the weekend.The purpose of the meeting was to express NBPOL’s interest to expand oil palm further east on Guadalcanal from the current operation on the Guadalcanal Plains.

27/06/2014 (Reuters) - Malaysian palm oil futures ended lower on Thursday to snap a three-day winning streak as crude oil prices began to ease, although losses were capped by an uptick in exports and anticipation that hot weather would trim palm output.

27/06/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

27/06/2014 (Reuters) - India's edible oil imports are expected to increase 5.4 percent to 11.7 million tonnes in 2014/15, an industry expert said on Thursday.

27/06/2014 (Business Recorder) - The Karachi Port handled 151,488 tonnes of cargo comprising 118,609 tonnes of import cargo and 32,879 tonnes of export cargo including 5,001 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 118,609 tonnes comprised of 37,628 tonnes of containerised cargo; 49,385 tonnes of bulk cargo: 40,866 tonnes of coal; 8,519 tonnes of DAP and 31,596 tonnes of oil/liquid cargo.

27/06/2014 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, may drop for the first time in four years as record global cooking oil supplies reduce the tropical oil’s discount to soybean and sunflower oils.

27/06/2014 (The Star) - Plantation stock Kim Loong Resources Bhd saw its earnings doubled year-on-year in the first quarter ended April 30 to RM28.4mil from RM14.1mil on higher palm oil prices and FFB (fresh fruit bunch) production.

27/06/2014 (Hindu Business Line) - The sentiment in the edible oils market turned weak tracking lower closing of Malaysian palm oil and domestic soya oil futures amidst slack physical demand. However, delay and deficit in monsoon pushed up indigenous oils such as groundnut, cotton and rapeseed oil by ₹10, ₹1 and ₹5 for 10 kg each. During the day, resellers offloaded merely 80-100 tonnes of palmolein at ₹580-582. Liberty quoted palmolein at ₹587and super palmolein ₹604 for July 20, soyabean refined oil ₹668. Ruchi was quoting palmolein at ₹583, soyabean refined oil ₹662 for July, sunflower refined oil ₹657 for July. Allana’s palmolein rates were ₹586 and soyabean refined oil ₹662 for July and sunflower refined oil ₹657 . In Saurashtra, groundnut oil Telia tin jumped further by ₹35 to ₹1,170 and loose (10 kg) increased by ₹30 to ₹750.

27/06/2014 (Bernama) - The Malaysian Palm Oil Board (MPOB) will open a palm oil research and technical services office in India next year, says Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas

27/06/2014 (Bernama) - The Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas has urged the private sectors in Malaysia and India to redefine the business approaches to form partnership strategic alliances to discover new avenues to expand the edible oil and palm oil business.

27/06/2014 (Bernama) - Malaysian palm oil producer Boustead Plantations Bhd (BPB) is looking at the possibility of venturing into the Southeast Asian region should any viable opportunities arise.

27/06/2014 (Borneo Post) - BLD Plantation Bhd (BLD Plantation) is looking into expanding further downstream in the palm oil sector to sustain the growth of the company.