Archived News

24/03/2014 (GhanaWeb) - Building Business on Values Integrity and Dignity with an acronym B-BOVID, an agro-based firm in the Western Region will soon start extracting palm oil and palm kernel oil for local consumption and export.

24/03/2014 (Jakarta Post) - As domestic palm oil producers struggle with various barriers in export destinations, ranging from repeated trade remedy measures to environmental concerns, they are turning to the great potential of the local market.

24/03/2014 (Jakarta Post) - Palm oil business players are shifting their focus to new foreign markets this year amid trade remedies and other barriers implemented in some key export destinations.

24/03/2014 (Bernama) - Moody's Investors Service expects crude palm oil (CPO) prices to average between US$700 and US$800 (US$1.00 = RM3.30) per tonne this year, its Vice President Alan Greene said.

22/03/2014 (Bloomberg) - Palm oil production in Indonesia, the world’s largest supplier, will probably climb for the first time since September as yields recover from a seasonal decline. Prices in Kuala Lumpur tumbled to a one-month low.

22/03/2014 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1700 GMT.

22/03/2014 (Jakarta Post) - Indonesia has proposed that the European Union establish a common platform on sustainability to ease the flow of crude palm oil (CPO) exports into Europe.

22/03/2014 (Hindu Business Line) - The edible oils market witnessed weak trend on Friday, tracking extended loss on the futures market. On the Bombay Commodity Exchange Groundnut, soya oil, sunflower and rapeseed oil ruled steady. At Rajkot, groundnut oil Telia tin quoted static at ₹1,170 and loose (10 kgs) at ₹745. Palmolein rose by ₹3 and cotton oil increased by ₹5. Sources said that in the absence of physical demand, activities remained thin and isolated. Hardly 80-100 tonnes of palmolein were resold in the market. Stockiest preferred to fulfil old commitments. The slide in soyabean oil futures continued for the second day on persistent selling by stockists amid good supply from producing regions and weak trends in overseas markets.

22/03/2014 (Business Recorder) - The Karachi Port handled 130,915 tonnes of cargo comprising 86,219 tonnes of import cargo and 44,696 tonnes of export cargo including 5,445 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 86,219 tonnes comprised of 32,469 tonnes of containerised cargo; 150 tonnes of general cargo; 12,100 tonnes of coal and 41,500 tonnes of oil/liquid cargo.

22/03/2014 (La Prensa) - Colombia, the fifth-largest producer of palm oil-based biodiesel and 10th-largest maker of sugarcane-based ethanol, plans to boost production of both biofuels by around 50 percent in the 2014-2015 period.

22/03/2014 (Indonesia Investments) - So far, the year 2014 is marked by adjustments in forecasts for commodities demand and prices on the global market. The primary example is coffee. Due to severe drought in Brazil, weak coffee production is expected to result in a shortage of coffee on the international market. Uncertainty about the extent of the shortage has pushed coffee prices up by about 65 percent since the end of 2013. Meanwhile, Brazil's reduced arabica output cannot be replaced by Indonesia's robusta coffee due to high rainfall in the archipelago.

22/03/2014 (Reuters) - Malaysian palm oil futures fell to a three-week low on Friday, tracking weakness in competing edible oil markets, while downbeat export data and improving weather conditions also weighed on prices.