Archived News

22/04/2014 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended higher on Monday on hopes of demand rising ahead of the festival season. The share of imports to overall edible oil consumption is likely to hit 65.3 per cent, against 61.2 per cent in the previous year, data compiled by the US Department of Agriculture showed.

22/04/2014 (HIndu Business Line) - Barring palmolein and rapeseed oil, which declined by ₹1 and ₹5 for 10 kg each, all other edible oils ruled steady on Monday on slack demand amid weak overseas futures market. In spot market, the volume remained thin and isolated as stockists stayed away.

22/04/2014 (Business Standard) - Industry body SEA today sought a revision in weight given to edible oils within the overall cooking oil basket in the wholesale price index (WPI) saying consumption pattern has changed in the last one decade.

22/04/2014 (Reuters) - Indian soyoil futures edged higher on Monday following gains in overseas palm oil prices and as the rupee eased, while soybean futures rose on dwindling supplies in local spot markets.

22/04/2014 (Daily Mirror) - A sharp decline in Sri Lanka’s coconut oil production in 2013 has resulted in significantly more palm oil imports, which is a close substitute for coconut oil, the 2013 Central Bank annual report showed.

22/04/2014 (Jakarta Post) - The amount of biodiesel blended into diesel fuel during the January-March period was nowhere near the quarterly target as poor infrastructure and a prolonged procurement tender had gotten in the way.

22/04/2014 (The Star) - TH Plantations Bhd targets return on equity of 6% under its key performance indicators (KPIs) for 2014 and fresh fruit bunches (FFB) yield of 22.40 tonnes per ha.

22/04/2014 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed the National Long-Term Ratings of Indonesia-based palm oil producers PT Sinar Mas Agro Resources and Technology Tbk (SMART), PT Ivo Mas Tunggal (IMT) and PT Sawit Mas Sejahtera (SMS) at AA(idn), and revised their Outlooks to Stable from Positive. SMART, IMT and SMS are wholly owned by Golden Agri Resources Ltd (GAR).

21/04/2014 (Borneo Post) - Malaysian palm oil futures settled 0.7 per cent higher for the week as market traded thinly on Friday due to expectations of a recovery in food and fuel demand for the tropical oil.

21/04/2014 (Pattaya Mail) – European rejection of palm oil from Malaysia and Indonesia due to environmental reasons has boosted Thailand’s potential to export the agricultural commodity, according to the Commerce Ministry.

21/04/2014 (Supply Management) - Procter & Gamble (P&G) is the latest company to commit to a fully traceable palm oil supply chain.

21/04/2014 (PIA) - The heads of foreign chambers of commerce and industry in Davao Region formally signed an agreement early today to host the Southern Mindanao Growth Corridor Investors’ Forum on September 19 to explore more investment opportunities in the island following the signing of the Comprehensive Agreement on the Bangsamoro last month.