Archived News

12/04/2014 (Bernama) - Crude palm oil (CPO) prices may not face pressure due to higher palm oil production, while any downside should be limited and weak exports, temporary, said Kenanga Research.

12/04/2014 (Bernama) - KLK Agro Plantations Pte Ltd and Equatorial Biofuels (Guerney) Ltd have teamed up to form Liberian Palm Developments, to expand plantation landbank outside Malaysia and Indonesia.

12/04/2014 (Reuters) - Friday's Rotterdam vegetable oil prices at 1600 GMT.

12/04/2014 (Business Recorder) - The Karachi Port handled 153,336 tonnes of cargo comprising 105,702 tonnes of import cargo and 47,634 tonnes of export cargo including 5,381 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 105,702 tonnes comprised of 37,462 tonnes of containerised cargo; 3,292 tonnes of general cargo; 17,948 tonnes of bulk cargo: 14,529 tonnes of coal; 3,419 tonnes of soyabean meal and 47,000 tonnes of oil/liquid cargo.

12/04/2014 (Hindu Business Line) - The edible oils market rebounded on Friday with prices in the futures rising late in the evening. On the Bombay Commodity Exchange, a mixed trend prevailed with palmolein losing ₹2 and rapeseed oil gaining ₹1 for 10 kg each. Other edible oils were steady due to higher selling pressure.

12/04/2014 (The Star) - Affin Research has maintained its Neutral call on the plantations sector with its 2014-2016 crude palm oil (CPO) average selling price (ASP) at RM2,700MT.

12/04/2014 (The Star) - CIMB Equities Research is retaining its Neutral stance on the plantations sector and projects crude palm oil (CPO) prices to trade between RM2,500 and RM2,800 per tonne.

11/04/2014 (Bloomberg) - Palm oil stockpiles in Malaysia unexpectedly expanded in March, snapping a two-month decline, as production in the world’s biggest supplier after Indonesia climbed by the most since July. Futures dropped.

11/04/2014 (Reuters) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.

11/04/2014 (AgriMoney.com) - The week's slew of agricultural commodity data did not end with the US Wasde crop report.

11/04/2014 (Hindu Business Line) - Bearish trend continued in edible oils market on Thursday tracking weak Malaysian palm oil futures amid slack physical demand. Activities remained thin in resale as stockists stayed away. On Bombay Commodity Exchange, groundnut oil dropped by ₹20 while soyabean refined, cotton refined, rapeseed refined oil and palmolein declined by ₹3 for 10 kg each. Palmolein dropped to ₹600 level on higher reselling pressure.

11/04/2014 (Awareness Times) - A component project under the Sierra Rutile Mining Company, the Africa Lion Agricultural Company, has commenced a serial cultivation of palm oil, coffee, pineapple, cocoa and rubber plantations in Imperi, Upper Banta and Jong chiefdoms among other mining communities. The Africa Lion Agriculture intends to plant over ten thousand acres of oil palm as well as hundreds of acres of pineapple, cocoa, coffee and rubber plantations. The project started over a year ago as an alternative to mining in order to improve the livelihood of people in Sierra Rutile mining communities.