Archived News

27/06/2014 (Bloomberg) - Palm oil, the most-used cooking oil, may rally less than an earlier forecast as demand for biodiesel trails estimates and an El Nino starts later than expected, said Dorab Mistry, director at Godrej International Ltd.

27/06/2014 (BusinessDay) - Sterling Bank plc has restated its commitment to the strategic growth of the agricultural sector by providing adequate funding in alignment with the ongoing reforms in the sector aimed at repositioning it as an attractive business proposition, an input provider for the manufacturing sector and a key foreign exchange earner.

26/06/2014 (Reuters) – The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

26/06/2014 (Bloomberg) - Soybeans rose on concerns that excessive rains will reduce acreage as stockpiles decline in the U.S., the world’s biggest grower. Wheat also climbed, while corn fell.

26/06/2014 (AgriMoney.com) - The oil palm tree is coming home.

26/06/2014 (Nigerian Tribune) - Kolanuts and palm oil produced from Ondo State are now being sold in several countries across Africa including Chad, Central African Republic, Gabon and Niger Republic, as well as some European and Middle-Eastern countries.

26/06/2014 (GlobalPost) - The unsustainable cultivation of palm oil in the Asian continent is affecting the survival of the great apes, a global wildlife body said on Wednesday.

26/06/2014 (Reuters) - Malaysian palm oil company Boustead Plantations Bhd rose 2.5 percent in its market debut, helped by prospects for firm palm oil prices due to biodiesel initiatives in Malaysia and Indonesia and as unfavourable weather threatens crops.

26/06/2014 (Bloomberg) - The Indonesian rupiah’s decline to a four-month low is encouraging the nation’s biggest domestic mutual-fund manager to shift money into palm-oil exporters at the expense of construction companies.

26/06/2014 (GhanaWeb) - Solidaridad’s Sustainable West Africa Palm Oil Programme (SWAPP), on Wednesday launched its incubator and Access to Finance initiative in Accra, to provide support and access to risk capital to help develop the oil palm sector.

26/06/2014 (The Star) - Felda Global Ventures Holdings Bhd (FGV) is seeking to meet with the advisors representing New Britain Palm Oil Ltd (NBPOL) in the soonest possible time.

26/06/2014 (Nigerian Observer) - Prices of food items have remained stable in some markets in Omu-Aran, Irepodun Local Government of Kwara, less than one week to the commencement of this year’s Ramadan fast.