Archived News
10-01-2014
Better Forecast for CPO Firms This Year
10/01/2014 (Jakarta Post) - Local firms and analysts are upbeat that crude palm oil (CPO) prices will gradually gain a foothold this year after a drop last year dragged down producers’ profits.
10-01-2014
India Soybeans Drop on Weak Demand; Soyoil, Rapeseed Steady
10/01/2014 (Reuters) - Indian soybean futures fell on Thursday on weak exports demand for soymeal, while soyoil and rapeseed were steady amid expectation the government would raise import duty on refined palm oil to protect local refiners from cheaper overseas supplies.
10-01-2014
Bintulu Port Expects Positive Growth from Port Expansion
10/01/2014 (PortNews IAA) - Bintulu Port Holdings Bhd (Bintulu Port) is poised to see growth via liquefied natural gas (LNG) as its major cargo handled for the total cargo throughput in 2013 and 2014, the company said in its press release.
10-01-2014
Rotterdam Vegetable Oil Prices
10/01/2014 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.
10-01-2014
UPDATE 1-Malaysia Jan 1-10 Palm Exports Down 21.5 Pct M/M -ITS
10/01/2014 (Reuters) - Exports of Malaysian palm oil products for Jan. 1-10 fell 21.5 percent to 297,308 tonnes from 378,579 tonnes for Dec. 1-10, cargo surveyor Intertek Testing Services said on Friday.
10-01-2014
India ups Refined Palm Oil Import Tax, M'sia Says Must Find Other Markets
10/01/2014 (The Star) - India increased import duties on refined edible oils, including palm oil, to 10 percent from 7.5 percent to protect local oilseed growers and refiners against cheaper supplies from major exporters.
10-01-2014
Indo-Pak Trade Normalisation Dialogue to Resume Next Week
10/01/2014 (Business Standard) - As political tensions between India and Pakistan abate after a major military stand-off due to border tensions, New Delhi is planning to restart a trade normalisation dialogue with our neighbour.
10-01-2014
Bernama To Launch Weekly Business Bulletin Friday
10/01/2014 (Bernama) - The Malaysian National News Agency (Bernama), will launch "Malaysia eBiz", a weekly business bulletin on its news portal to provide a round-up of selected business news.
09-01-2014
VEGOILS-Palm Hits Near 2-mth Low on High Stock Worries, Weak Soy Markets
09/01/2014 (Reuters) - Malaysian palm oil futures hit a near two-month low on Wednesday as worries that rising vegetable oil supplies may outstrip global demand curbed buying sentiment and prompted some investors to liquidate positions.
09-01-2014
Lower Palm Output Causes Hiccup in Biodiesel B7 Production
09/01/2014 (National News Bureau of Thailand) - The Energy Ministry’s planned production of biodiesel B7 has been faced with delay caused by a decrease in oil palm output. Biodiesel B4 will instead be put on the market for the time being to reduce the use of crude palm oil.
09-01-2014
Lukewarm Response to Edible Oil Resellers’ Offerings
09/01/2014 (Hindu Business Line) - Edible oil prices fell further on Wednesday by Rs 5 for 10 kg as the futures market declined and physical demand was low. Imported palmolein and soyabean refined oil dropped by Rs 5 each. Sunflower and rapeseed oil dipped by Rs 5 and Rs 3, respectively.
09-01-2014
Palm Imports by India Climbing as Farmers Retain Bean Supply
09/01/2014 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, probably climbed for a second month after farmers withheld soybean supplies because of a decline in prices, a Bloomberg survey showed.