Archived News

18/03/2014 (The Star) - It seems the Employees Provident Fund (EPF) is taking a contrarian view of plantation stocks just as the market is most bullish about the sector.

18/03/2014 (Buenos Aires Herald) - The United States and Brazil are self-sufficient in biofuel while India and China don’t include soyoil in their energy matrix, the CARBIO lobby laments

18/03/2014 (NTT) -The Director-General of the Department of Internal Trade (DIT), Somchat Soithong has revealed that news, headlining approval by the Ministry of Commerce, to import 20,000 tonnes of crude palm oil from Malaysia is false. He gave an assurance that there has been no such approval to import Malaysian crude palm oil.

18/03/2014 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives Exchange ended lower on Monday, as prices struggled to stay near 18-month highs after production in Malaysia dropped to the lowest since April 2012. Currently, concerns over demand from the world’s top two importers China and India, ample supply of competing oils such as soya oil and sun oil and the narrowing of palm oil’s price advantage over other edible oils, continue to pressure prices.

18/03/2014 (Indonesia Investments) - Palm Oil Rich Indonesia Can Become Global Force in Biodiesel IndustryIndonesia has the potential to become a global force in the biodiesel industry because of the country’s position as the world’s top producer of crude palm oil (CPO). In 2014, Indonesia’s CPO production is estimated to total 30 million tons. Traditionally, Indonesia exports about 75 percent of its total CPO production, particularly to the giant economies of China and India. As such, this commodity is one of Indonesia's most important foreign exchange earners, apart from coal, in the non-oil and gas sector.

18/03/2014 (Bloomberg) - Malaysia, the world’s second-largest palm producer, increased the tax on exports of crude oil after prices climbed to the highest level since 2012.

18/03/2014 (THISDAY Live) - The Federal Government weekend announced plan to provide targeted support to Okomu Oil Palm Company PLC to enable it achieve its planned structured investment of $75 billion to cover mill and plantation expansion of the company in the next four years.

17/03/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.

17/03/2014 (Reuters) - Indonesia's biodiesel consumption is likely to soar this year after the government introduced a new blending regulation, an industry group said on Monday.

17/03/2014 (Bloomberg) - Exports of palm oil from Indonesia, the world’s largest producer, increased 0.6 percent in February from a month earlier as extreme weather hurt output of other cooking oils, said the Indonesian Palm Oil Association.

17/03/2014 (New Straits Times) - OIL palm planters in Sarawak are looking to plant up more of their agricultural landbank as palm oil prices have started to trade higher than RM2,700 per tonne this past month.

17/03/2014 (Business Recorder) - Import of palm oil reduced by over 10 percent to $1.085 billion during July-January 2013-14, Pakistan Bureau of Statistics (PBS) said. Palm oil import slid by $125 million in July-January 2013-14 from $1.210 billion in the same period last fiscal year, the statistics suggested.