Archived News

31/12/2013 (Reuters) - Malaysian palm oil firm Boustead Plantations Bhd will offer 580 million new shares to investors, the firm said on Monday, as it looks to tap a domestic initial public offering (IPO) market that is expected to be vibrant next year.

31/12/2013 (The Star) - For those in the palm oil sector, 2013 will be best remembered for the successful implementation of Malaysia’s revised crude palm oil (CPO) export duty and the abolition of the duty-free CPO export quota.

31/12/2013 (Bernama) - The demand for crude palm oil (CPO) is expected to be resilient next year with the help from the biodiesel sector following the government's biodiesel five per cent blend (B5) programme, with price to average RM2,600 a tonne.

31/12/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

31/12/2013 (Reuters) - Indian oilseeds and soyoil futures edged up on Monday on a weaker rupee, gains in overseas edible oil prices and concerns that a sharp drop in temperature in the northern part of the country could damage rapeseed crop.

31/12/2013 (Bloomberg) - Palm oil headed for the first annual advance in three years as demand increases for the vegetable oil used in everything from noodles to biofuel amid a drop in production in Indonesia, the world’s biggest supplier.

30/12/2013 (Borneo Post) - The US Dow Jones markets made new high on Friday after it ascended above 16,500 levels. The 10-year Treasury bond yield surged to three per cent for the first time this year and triggered movement of funds from fixed-income assets to equities.

30/12/2013 (Borneo Post) - While crude palm oil (CPO) prices are expected to be buoyant going into 2014, the price rally is likely to cool following the first quarter of 2014 (1Q14) as the oilseed industry is expected to be well supplied.

30/12/2013 (Hindu Business Line) - Edible oil prices ruled unchanged on Monday on slack physical demand amid bearish futures markets. Expectation of higher arrivals of indigenous oilseeds in producing centres and hopes of higher palm oil inventory in Malaysia could add more pressure on the market.

30/12/2013 (Business Standard) - Select edible oil prices rose by Rs 50 per quintal on the wholesale oils and oilseeds market today on fresh buying by vanaspati millers and retailers amid a firm global trend.

30/12/2013 (Hindu BusinessLine) - Soya oil ruled flat on slack buying and weak global cues.

29/12/2013 (Business Standard) - Edible oils extended gains on the wholesale oils and oilseeds market during the week under review following sustained buying by vanaspati millers and retailers amid a firming global trend.