Archived News

16/04/2014 (Reuters) - Malaysian palm oil futures climbed to a near two-week high on Tuesday after firm export data fuelled investor hopes that a recovery in global demand for the tropical oil will underpin prices.

16/04/2014 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, slumped for a third month in March as the highest prices in 18 months reduced appeal of the tropical oil used in everything from candies to noodles.

16/04/2014 (NNT) - The Ministry of Commerce has discussed with the relevant authorities a revision of bio-diesel proportions, consistent with growing palm oil supplies.

16/04/2014 (The Star) - The prolonged dry weather in the country may result in crude palm oil (CPO) prices spiking by 30% from current levels of above RM2,600 per tonne.

16/04/2014 (Business Recorder) - The Karachi Port handled 208,321 tonnes of cargo comprising 147,586 tonnes of import cargo and 60,735 tonnes of export cargo including 3,397 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 147,586 tonnes comprised of 34,167 tonnes of containerised cargo; 25,761 tonnes of general cargo; 11,603 tonnes of soyabean meal and 76,055 tonnes of oil/liquid cargo.

16/04/2014 (Reuters) - Exports of Malaysian palm oil products for April 1-15 rose 8.6 percent to 521,847 tonnesfrom 480,730 tonnes for March 1-15, cargo surveyor Intertek Testing Services said on Tuesday.

16/04/2014 (Reuters) - India's palm oil imports rose 35 percent in March, snapping two straight months of declines as buyers built stocks after overseas purchases hit a near three-year low in February, data from the Solvent Extractors' Association showed on Tuesday.

16/04/2014 (The Star) - CIMB Equities Research says Sarawak planters offer one of the highest output growth prospects among the Malaysian planters and its current top pick in this category is Ta Ann.

16/04/2014 (FoodNavigator.com) - Major food companies have set challenging targets for themselves in a bid to secure sustainable palm oil contracts as they attempt to shake off the stigma from bad publicity on deforestation. Pressure from environmental groups and ‘green’ consumers have forced global food manufacturers to tighten their ethical policies on palm oil amid mounting concern over deforestation and sustainability.

16/04/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures andother vegetable oil markets.

15/04/2014 (Reuters) - Malaysian palm oil futures rose to their highest in more than a week on Monday, lifted by strong crude and soy oil markets overseas, and on investor anticipation that festival-driven consumption will stoke demand for the tropical oil.

15/04/2014 (Hindu Business Line) - Edible oils ruled firm on Monday, tracking firm Malaysian palm oil futures which extended gain for second consecutive day. Local refineries increased their rates for palmolein and soya oil by ₹3 for 10 kg on the back of higher demand. Sources said that local stockists came forward with fresh orders for forward purchase. Liberty, Ruchi and Allana together have sold about 750-800 tonnes of palmolein at ₹603-605 and 100-150 tonnes sunflower refined oil at ₹662. Resellers offloaded 150-200 tonnes palmolein at ₹600-601. Indigenous edible oils were also showing slight current on renewed demand from brands.