Archived News

23/05/2014 (Reuters) - Malaysian palm oil futures ended higher on Thursday to snap a four-day losing streak, lifted by firm crude prices and a recovery in soyoil markets overseas, while a rebound in technicals underpinned sentiment.

23/05/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

23/05/2014 (Manila Standard Today) - Environment and Natural Resources Secretary Ramon Paje has proposed to turn 8 million hectares of idle, denuded and unproductive lands into palm oil plantations and said the country was losing P800 billion of lost opportunities.

23/05/2014 (The Star) - Plantation company TSH Resources Bhd posted impressive figures in the first quarter ended March 31, 2014, with earnings soaring 162% year-on-year to RM52.2mil from MR19.9mil on the back of better crop yield, higher CPO (crude palm oil) prices and improved margins.

23/05/2014 (Hindu Business Line) - The sentiment in the edible oils markets improved on Thursday on back of firm futures market and fresh demand at the lower level. Local refineries reduced their rates for palmolein and soya oil by ₹3-5 for 10 kg, as the rupee continued to recover making imports cheaper.

23/05/2014 (The Star) - IOI Corporation third quarter ended Mar 31, 2014 net profit almost quadrupled to RM2.176bil from RM567.8mil a year ago due to the one-off net gain of RM1.834bil from the demerger of its property arm.

23/05/2014 (Antara News) - The bilateral relations between Indonesia and Jordan are very sound and complement each other, stated Jordanian Ambassador to Indonesia Walid Al-Hadid.

23/05/2014 (Economic Times) - Farmers in India are likely to boost the amount of land devoted to growing soybeans by up to 4 per cent in the crop year that begins in July, as they look to profit from a rally in prices for the oilseed, an industry body said.

23/05/2014 (NST) - Plantation giant Felda Global Ventures Holdings Bhd (FGV) is considering selling more than US$1 billion (RM3.21 billion) of dollar-denominated exchangeable Islamic bonds (sukuk), said three people with knowledge of the deal.

23/05/2014 (Borneo Post) -Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Bhd (HSL) has recorded net pre-tax profit of RM22.03 million on the back of revenue of RM116.03 million for the first quarter of 2014

22/05/2014 (Reuters) - Malaysian palm oil futures fell for the fourth straight day on Wednesday, dropping to a more than four-month low after weak Chinese edible oil markets and a stronger ringgit triggered technical selling.

22/05/2014 (Bernama) - The oil palm industry will continue to be important to the Malaysian and Sabah economies, as the industry is projected to contribute an estimated RM200 billion to Malaysia's export value by 2020, about three times the current value.