Archived News

01/04/2014 (The Star) - RHB Research is maintaining its bullish view of the plantation sector as the recent price pullback is a buying opportunity before the next leg of upswing.

01/04/2014 (PIA) - After intensive studies on what possible industries to engage in and crops to grow in the typhoon devastated east coast towns, the Provincial Government of Davao Oriental together with industry experts conducted this morning (March 31) a consultation and orientation on the oil palm industry development poised to be the next mainstay industry in the province.

01/04/2014 (Indonesia Investments) - After announcing the low March inflation rate (0.08 percent), Statistics Indonesia (BPS) also released positive news about Indonesia's trade balance.

31/03/2014 (Borneo Post) - Malaysian palm oil futures ended at a near flat on Friday but ended lower by 2.8 per cent for the week and a third straight weekly loss due to investors’ uncertainties over lacklustre demand for the tropical oil.

31/03/2014 (The Star) - Plantations were the top losers on Bursa Malaysia in Monday’s late morning trade, dragging the FBM KLCI into the red.

31/03/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

31/03/2014 (Bernama) - Former Finance Minister Tan Sri Tengku Razaleigh Hamzah forecasts palm oil prices to rebound in July when the ringgit stabilises.

31/03/2014 (Business Recorder) - A cargo volume of 61,218 tonnes comprising 47,348 tonnes of import cargo and 13,870 tonnes of export cargo inclusive 3,636 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 47,348 tonnes includes 8,000 tonnes of palm oil; 1,128 tonnes of VCM; 10,142 tonnes of steel coil and 28,087 tonnes of containerised cargo.

31/03/2014 (The Star) - Trading and volume in over-the-counter crude palm oil (CPO) swap contracts is increasing, as supply pressures drive up prices and firms turn to the OTC market to hedge their long-dated exposures, say market participants.

31/03/2014 (The Star) - Crude palm oil (CPO) futures for June delivery fell to a low of RM2,651 per tonne, the lowest since Feb 13 this year on weaker exports.

31/03/2014 (Sierra Vista Herald) - New York State Comptroller Thomas P. DiNapoli today announced that Safeway Inc., the second largest grocery chain in the U.S., has agreed to give preference to suppliers of 100percent verified sustainable palm oil and set a goal of using only sustainable palm oil in all of its Safeway-brand products.

29/03/2014 (Reuters) - Malaysian palm oil futures ended nearly flat on Friday, reversing gains earlier in the session to hover at six-week lows, as investor uncertainty about lacklustre demand for the tropical oil dragged prices to their third straight weekly loss.