Archived News

22/03/2014 (Bernama) - General Electric (GE) has signed an agreement with Green and Smart Sdn Bhd (GNS) to jointly develop a palm oill mill effluent (POME) biogas-to-power solution for Malaysia.

21/03/2014 (Reuters) - Malaysian palm oil futures ended lower Thursday after a slight pick-up a day earlier, to fall for seven out of the last eight sessions, as poor export data stoked concerns of dwindling global demand for the tropical oil.

21/03/2014 (Peace FM Online) - Yara Ghanalimited, a leading mineral fertilizer company in the Country has embarked on an Oil Palm training programme aimed at promoting the Suitability of Oil Palm production in Ghanathrough the improvement of yield and the integration of the different facets of the industry.

21/03/2014 (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.

21/03/2014 (Bloomberg) - Palm oil may extend its advance in April to the highest level since 2012 after dry weather in Southeast Asia hurt crops and as El Nino looms later this year, said Dorab Mistry, director at Godrej International Ltd.

21/03/2014 (Bernama) - Bumitama Agri Ltd and Maybank Investment Bank Bhd (Maybank IB) have priced and issued Bumitama's first RM500 million five-year sukuk issuance under its maiden RM2 billion sukuk programme in nominal value.

20/03/2014 (Reuters) - Malaysian palm oil futures rose on Wednesday after six straight days of falls as a technical bounce gave some relief, although gains were held back by sluggish demand for the tropical oil.

20/03/2014 (The Star) - Bank Negara Malaysia expects the economy in 2014 to grow at a steady rate, underpinned by the services and manufacturing sectors but amid higher inflation due to domestic costs factors.

20/03/2014 (Hindu Business Line) - Sentiments in the edible oils market turned better in second half of day, tracking firm reports from the markets abroad and sharp gains in domestic futures. On the Bombay Commodity Exchange, palmolein rose by ₹5, while soyabean refined oil futures jumped over one per cent on the NCDEX. Sunflower and cotton refined oil dropped by ₹5 in spot. Trading activities witnessed sharp jump as stockists came forward with fresh orders. On Wednesday, resellers sold 350-400 tonnes of palmolein at ₹630-631 and local industries sold 450-500 tonnes at ₹642-643 for April. Indigenous edible oils were under pressure on hope of higher arrivals of oilseeds in producing centres after Holi.

20/03/2014 (Indonesia Investments) - Export of Indonesian crude palm oil (CPO) as well as derived products is expected to reach 22 million tons in 2014. As this year's CPO price is expected to average USD $1000 per ton, significantly higher than the average of USD $850 per ton in 2013, it will translate into higher revenue from the country's palm oil sector. The value of Indonesian CPO export in 2014 is estimated to accelerate to USD $22 billion due to dry weather threatening crops in Indonesia and Malaysia. Indonesia is the world's largest producer and exporter of palm oil.

20/03/2014 (The Star) - Sarawak Oil Palms Bhd has proposed to acquire a 60% stake in DD Pelita Sebungan Plantation Sdn Bhd and Mutiara Pelita Genaan Plantation Sdn Bhd from Double Dynasty Sdn Bhd (DDSB) and Mutiara Hartabumi Sdn Bhd (MHSB) for RM134.9mil.

20/03/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.