Archived News

07/04/2014 (Borneo Post) - Wilmar International Ltd (Wilmar) remains committed to supporting the growth and development of Sarawak as its ‘No deforestation, No peat, and No exploitation’ policy will not affect its purchase of palm oil from suppliers who had previously developed tracts of peatland or from smallholders and indigenous communities.

07/04/2014 (Borneo Post) - The state’s oil palm industry loses about RM1 billion annually through fruits left to rot in plantations because there are not enough workers to harvest them.

07/04/2014 (CPI Financial) - MARC has affirmed the ratings of MARC-1IS /AA-IS on special purpose vehicle TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) MYR 100 million Sukuk Ijarah Commercial Papers (Sukuk ICP) and MYR 300 million Sukuk Ijarah Medium Term Notes (Sukuk IMTN) programmes with a stable outlook. As at February 28, 2014, TSH Ijarah has MYR 275 million outstanding notes.

07/04/2014 (New Straits Times) - Boustead Plantations Bhd, which plans to debut on the local stock market by the middle of this year, is said to be selling up to 41 per cent of its shares.

05/04/2014 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1600 GMT.

05/04/2014 (Business Ghana) - Palm kernel oil producers within the Sekondi-Takoradi Metropolis on Wednesday called on private individuals to invest in their businesses in order to sustain them.

05/04/2014 (Reuters) - Palm refining capacity in Indonesia is forecast to jump almost 50 percent this year, according to industry officials, a rise that would likely reduce crude palm oil (CPO) exports and provide a short-term boost to Malaysian benchmark prices.

05/04/2014 (Business Recoder) - Palmolein rose by ₹1 while cotton refined oil dropped by ₹2 for 10 kg each. Other edible oils ruled steady on slack demand amid volatile futures. The volume in spot market remained thin. Higher arrivals of indigenous oilseeds at producing centres kept groundnut, sunflower, soyabean, rapeseed oil calm.

05/04/2014 (Bernama) - Felda Global Ventures Holdings Bhd, one of Malaysia's largest and most diversified agro-based companies, is looking into re-strategising its non-core businesses and unlock their value.

05/04/2014 (Bernama) -- Felda Global Ventures Holdings Bhd (FGV) today said Pontian United Plantations Bhd (PUP) has already contributed a 20 per cent profit to the group's plantations business for February 2014.

05/04/2014 (The Star) - Malaysian palm oil futures ended higher on Friday, recouping losses, to post their first weekly gain since mid-March, helped by optimism that a recovery in demand and tighter stocks in the world's No.2 producer will underpin prices.

05/04/2014 (Business Standard) - Select edible oil prices moved up by Rs 100 per quintal on the wholesale oils and oilseeds market today on fresh buying by retailers.