Archived News

13/06/2014 (Bernama) - The shortage of cooking oil in the festive season should not be an issue as Malaysia is the world's largest exporter of palm oil, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

13/06/2014 (Bernama) - A ministry's official said the Nigerian federal government will establish a Commodity Trade and Market Development Corporation to boost agricultural value chain in the country.

13/06/2014 (The Guardian Nigeria) - Okomu Oil Palm Company Plc recorded N8.86 billion turnover last year, against the N10.15 billion it realized in year 2012.

13/06/2014 (fnbnews.com) - Kamani Oil Industries, one of the country’s leading high-quality vegetable oil processors (whose 2013 turnover was Rs 950 crore) launched its first range of trans-free products. The product range of trans-free bakery products comprises Pufflite, Cakelite, K-Lite, TasteePuff, Kpuff, Kcookiez, Kmeetha Plus and Komplete Plus.

12/06/2014 (Reuters) - Malaysian palm oil futures slid to a near eight-month low on Wednesday as worries over rising edible oil supplies amid lagging demand weighed, although expectations of a potential El Nino hitting crops curbed losses.

12/06/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

12/06/2014 (Jakarta Post) - Palm oil firm BW Plantation (BWPT) said on Tuesday it needed to increase its palm oil processing capacity from 230 to 350 tons per hour, prompting the company to build three more facilities before 2020.

12/06/2014 (Hindu Business Line) - Imported palmolein and soya oil were under pressure towards the end of trade on Wednesday on fears that the USDA could come up with a bearish data later in the day. On Bombay Commodity Exchange palmolein dropped by ₹2 for 10 kg and groundnut oil erased previous day’s gain of ₹10. Soya and sunflower oil ruled steady. Cotton and rapeseed oil increased by ₹9 and ₹8 each.

12/06/2014 (Borneo Post) - Palm oil inventory is expected to increase by five per cent to 1.93 million metric tonnes, while demand has been viewed as sustainable, driven by positive indicators in the food sector.

12/06/2014 (Jakarta Post) - Oil palm growers operating in Indonesia may pay less for sustainability certification as the government is proposing to merge its standard with one from the multi-stakeholder forum Roundtable on Sustainable Palm Oil (RSPO).

12/06/2014 (The Punch) - Shareholders of Okomu Oil Palm Company Plc on Wednesday approved the proposal of the management for the expansion of its current oil mill from 30 tonnes per hour to 60 tonnes per hour.

12/06/2014 (Business Recorder) - The Karachi Port handled 85,810 tonnes of cargo comprising 43,757 tonnes of import cargo and 42,053 tonnes of export cargo including c loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 43,757 tonnes comprised of 42,848 tonnes of containerised cargo; 909 tonnes of general cargo.