Archived News

12/04/2014 (The Star) - Affin Research has maintained its Neutral call on the plantations sector with its 2014-2016 crude palm oil (CPO) average selling price (ASP) at RM2,700MT.

12/04/2014 (The Star) - CIMB Equities Research is retaining its Neutral stance on the plantations sector and projects crude palm oil (CPO) prices to trade between RM2,500 and RM2,800 per tonne.

11/04/2014 (Bloomberg) - Palm oil stockpiles in Malaysia unexpectedly expanded in March, snapping a two-month decline, as production in the world’s biggest supplier after Indonesia climbed by the most since July. Futures dropped.

11/04/2014 (Reuters) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.

11/04/2014 (AgriMoney.com) - The week's slew of agricultural commodity data did not end with the US Wasde crop report.

11/04/2014 (Hindu Business Line) - Bearish trend continued in edible oils market on Thursday tracking weak Malaysian palm oil futures amid slack physical demand. Activities remained thin in resale as stockists stayed away. On Bombay Commodity Exchange, groundnut oil dropped by ₹20 while soyabean refined, cotton refined, rapeseed refined oil and palmolein declined by ₹3 for 10 kg each. Palmolein dropped to ₹600 level on higher reselling pressure.

11/04/2014 (Awareness Times) - A component project under the Sierra Rutile Mining Company, the Africa Lion Agricultural Company, has commenced a serial cultivation of palm oil, coffee, pineapple, cocoa and rubber plantations in Imperi, Upper Banta and Jong chiefdoms among other mining communities. The Africa Lion Agriculture intends to plant over ten thousand acres of oil palm as well as hundreds of acres of pineapple, cocoa, coffee and rubber plantations. The project started over a year ago as an alternative to mining in order to improve the livelihood of people in Sierra Rutile mining communities.

11/04/2014 (Hindu Business Line) - With burgeoning middle class households in the country, edible oil imports will rise by close to 25 per cent next year, said Satendra Aggarwal, Chief Operating Officer, Ruchi Soya Industries Ltd, the market leader in the packaged edible oils segment.

11/04/2014 (Reuters) - Malaysian palm oil futures ended lower on Thursday after an industry report showed that stocks in world's second-largest grower unexpectedly rose, and as a firm ringgit continued to drag on prices.

11/04/2014 (Business Recorder) - Two ships C.V CMA CGM Wagner and M.T Feng Hai-32 carrying containers and Palm oil were allotted berths at Qasim International Container Terminal end Liquid Cargo Terminal respectively at Port Qasim on Wednesday.

11/04/2014 (Reuters) - Bidco, one of Kenya's leading manufacturers of consumer goods, will invest about $200 million by 2017 in new product categories to meet growing demand, the head of the company said

11/04/2014 (Wall Street Journal) - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a provider of biogas upgrading, natural gas, field gas and hydrogen purification and filtration solutions for the clean energy and crude-derived fuels displacement markets, announced today that Datuk Dr. Ewon Ebin, Malaysia's Minister for Science, Technology and Innovation has recently paid a working visit to Xebec's biogas upgrading plant located on Cary Island in Selangor. The plant was commissioned in June last year, and utilizes Xebec's advanced biogas upgrading technology, which transforms and upgrades the biogas from palm oil mill effluents (POME) into compressed natural gas for transportation use. The plant has a design capacity of 500 liters of gasoline equivalent a day.