Archived News

11/04/2014 (Hindu Business Line) - With burgeoning middle class households in the country, edible oil imports will rise by close to 25 per cent next year, said Satendra Aggarwal, Chief Operating Officer, Ruchi Soya Industries Ltd, the market leader in the packaged edible oils segment.

11/04/2014 (Reuters) - Malaysian palm oil futures ended lower on Thursday after an industry report showed that stocks in world's second-largest grower unexpectedly rose, and as a firm ringgit continued to drag on prices.

11/04/2014 (Business Recorder) - Two ships C.V CMA CGM Wagner and M.T Feng Hai-32 carrying containers and Palm oil were allotted berths at Qasim International Container Terminal end Liquid Cargo Terminal respectively at Port Qasim on Wednesday.

11/04/2014 (Reuters) - Bidco, one of Kenya's leading manufacturers of consumer goods, will invest about $200 million by 2017 in new product categories to meet growing demand, the head of the company said

11/04/2014 (Wall Street Journal) - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a provider of biogas upgrading, natural gas, field gas and hydrogen purification and filtration solutions for the clean energy and crude-derived fuels displacement markets, announced today that Datuk Dr. Ewon Ebin, Malaysia's Minister for Science, Technology and Innovation has recently paid a working visit to Xebec's biogas upgrading plant located on Cary Island in Selangor. The plant was commissioned in June last year, and utilizes Xebec's advanced biogas upgrading technology, which transforms and upgrades the biogas from palm oil mill effluents (POME) into compressed natural gas for transportation use. The plant has a design capacity of 500 liters of gasoline equivalent a day.

11/04/2014 (Bernama) - Palm oil stocks increased 1.86 per cent to 1.69 million tonnes in March 2014 from 1.66 million tonnes in February, the Malaysian Palm Oil Board (MPOB)said.

10/04/2014 (Reuters) - Malaysian palm oil futures ended higher on Wednesday, recouping losses from two-month lows to follow gains in competing soy markets overseas, but a strong ringgit and worries of a surge in output capped the advance.

10/04/2014 (Hindu Business Line) -Trading in the edible oils markets improved on Wednesday as stockists came forward with fresh orders at a lower price. Local refineries reduced their rates for imported palmolein and soya oil over ₹10 each, following slack physical demand. On the Bombay Commodity Exchange, barring groundnut oil which ruled steady despite weak Saurashtra market, palmolein and soya oil lost ₹11 and ₹5 each for 10 kg. Sunflower and rapeseed oil declined by ₹10 each. Cotton refined oil eased by ₹7.

10/04/2014 (Business Recorder) - The Karachi Port handled 136,547 tonnes of cargo comprising 107,090 tonnes of import cargo and 29,457 tonnes of export cargo including 4,581 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 107,090 tonnes comprised of 36,175 tonnes of containerised cargo; 1,886 tonnes of general cargo; 14,774 tonnes of coal and 54,255 tonnes of oil/liquid cargo.

10/04/2014 (Biofuels Internationa) - IncBio has recently secured an agreement to supply a 55,000 MT/year transesterification plant, for an undisclosed client in South America.

10/04/2014 (Alliance News) - Anglo-Eastern Plantations PLC Tuesday said its pretax profit almost doubled in 2013 as a result of the revaluation of its biological assets but its revenues fell on lower crude oil prices.

10/04/2014 (Hindu Business Line) - Coconut oil prices zoomed to a new high of ₹2,300 for 15-kg loose pack.