Archived News

17/01/2014 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.

17/01/2014 (Business Recorder) - Malaysian minister at a press conference on Thursday suggested to Malaysian companies to collaborate with Pakistani companies in developing other areas in the oils and fats trade, including oleo chemicals, biomass utilisation and animal feed.

16/01/2014 (Reuters) - Malaysian palm oil futures gave up early gains on Wednesday, hovering near their weakest in more than two months as falling exports stoked fears about a build-up in inventory in the world's second-largest producer.

16/01/2014 (Bernama) - Key players from the oils and fats industry will grace the Palm Oil Economic Review and Outlook Seminar 2014 here on Jan 23.

16/01/2014 (Bernama) - The Plantation Industries and Commodities Ministry will relook the export duty structure for crude palm oil, which currently stood at five per cent, to boost demand.

16/01/2014 (Pakistan Today) - Pakistan, a big consumer of vegetable oils and fats, remains one of the world's largest markets for palm oil, thus making it an important export destination for the golden crop. In 2012, Pakistan imported over 1.4 million tonnes of palm products from Malaysia valued at over $1.3 billion, said Abu Bakar Mamat, Malaysia's Consul General in Karachi. "We place great importance on this market," he added.

16/01/2014 (The Star) - Rapeoil on the European vegetable oils market firmed on Wednesday on bargain hunting and covering following a fire at one of Germany's largest crushers.

16/01/2014 (Jakarta Post) - Indonesia, the world’s biggest palm oil producer, may see higher production this year, though export volume will remain the same as last year because domestic use of the commodity is expected to grow.

16/01/2014 (Bloomberg) - Palm oil rebounded from a two-month low as the Malaysian currency dropped the most among Asian currencies against the U.S. dollar, boosting demand for ringgit-denominated futures.

16/01/2014 (Reuters) - Exports of Malaysian palm oil products from Jan. 1 to 15 fell 28.1 percent to 460,248 tonnes from 640,240 tonnes shipped during Dec. 1 to 15, cargo surveyor Intertek Testing Services said on Wednesday.

16/01/2014 (Business Standard) - Select edible oil prices fell by Rs 100 per quintal on the wholesale oils and oilseeds market today on stockists selling amid a weak global trend.

16/01/2014 (Reuters) - Malaysian palm oil futures rose on Wednesday but failed to pull far above their weakest level in more than two months as falling exports kept fears alive of a build-up in inventory in the world's second-largest producer.