Archived News

04/06/2014 (Business Recorder) - The Karachi Port handled 266,259 tonnes of cargo comprising 222,699 tonnes of import cargo and 43,560 tonnes of export cargo including 2,111 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 222,699 tonnes comprised of 33,313 tonnes of containerised cargo; 5,639 tonnes of general cargo; 65,457 tonnes of coal and 118,290 tonnes of oil/liquid cargo.

04/06/2014 (Hindu Business Line) - Bearish futures markets and lack of physical demand dragged edible oils prices on Tuesday. In Mumbai, groundnut oil dropped by ₹10 for 10 kg, while palmolein, rapeseed and cotton refined oil declined by ₹3 on higher selling.

04/06/2014 (IPS) - Modern biofuels have become a fact of life, part of a quest for more cost-effective and environmentally sustainable businesses and lifestyles. But to be truly sustainable, biofuel production must strike a balance between its benefits and its potential hidden costs, between energy security and food security.

04/06/2014 (Hindu Business Line) - Environment activists say that Indonesia’s rainforests are disappearing at a rate of more than nine Olympic swimming pools a minute to make way for increased palm oil production. Nordic consumer goods giant Orkla, which also owns MTR Foods, is committed to stopping any deforestation that is caused while producing the palm oil it uses in its products.

04/06/2014 (Bernama) - Hong Leong Investment Bank (HLIB) expects Boustead Plantations Bhd's (BPB) core net profit to jump 74.7 per cent to RM119.9 million this year on higher average crude palm oil (CPO) price assumption of RM2,700 per metric tonne.

04/06/2014 (The Star) - Crude palm oil (CPO) futures contracted on Bursa Malaysia Derivatives to below the RM2,400-per-tonne mark yesterday, the lowest since October last year, as market sentiment was spooked by reports of domestic palm oil inventories likely breaching two million tonnes by year-end.

04/06/2014 (The Star) - Plantation stocks helped push the local bourse to a higher close on Tuesday with IOI Corp, KLK and United Plantations among counters seeing interest from funds despite lower crude palm oil (CPO) futures.

04/06/2014 (Hindu Business Line) - Leading agri-commodity bourse NCDEX has hiked the transaction charges on agri-commodities effective this month, a move which experts say is aimed at improving the financial viability of the exchange that has taken a beating due to falling trade volumes.

04/06/2014 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

04/06/2014 (Business Standard) - Following are the closing prices of oilseeds, cakes, raw oils and refined oils here today.

03/06/2014 (Reuters) - Malaysian palm oil futures fell for a seventh straight session on Monday to hit their lowest in nearly seven-and-a-half months, as weak soyoil prices and disappointing export data dragged on the tropical oil.

03/06/2014 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives Exchange fell on Monday to their lowest level in more than four months due to weak soya oil prices and weak exports. Prices in May dropped nearly 8 per cent, the largest monthly decline since September 2012 hurt by a stronger ringgit and a weak soya complex.