Archived News

11/04/2014 (Bernama) - Palm oil stocks increased 1.86 per cent to 1.69 million tonnes in March 2014 from 1.66 million tonnes in February, the Malaysian Palm Oil Board (MPOB)said.

10/04/2014 (Reuters) - Malaysian palm oil futures ended higher on Wednesday, recouping losses from two-month lows to follow gains in competing soy markets overseas, but a strong ringgit and worries of a surge in output capped the advance.

10/04/2014 (Hindu Business Line) -Trading in the edible oils markets improved on Wednesday as stockists came forward with fresh orders at a lower price. Local refineries reduced their rates for imported palmolein and soya oil over ₹10 each, following slack physical demand. On the Bombay Commodity Exchange, barring groundnut oil which ruled steady despite weak Saurashtra market, palmolein and soya oil lost ₹11 and ₹5 each for 10 kg. Sunflower and rapeseed oil declined by ₹10 each. Cotton refined oil eased by ₹7.

10/04/2014 (Business Recorder) - The Karachi Port handled 136,547 tonnes of cargo comprising 107,090 tonnes of import cargo and 29,457 tonnes of export cargo including 4,581 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 107,090 tonnes comprised of 36,175 tonnes of containerised cargo; 1,886 tonnes of general cargo; 14,774 tonnes of coal and 54,255 tonnes of oil/liquid cargo.

10/04/2014 (Biofuels Internationa) - IncBio has recently secured an agreement to supply a 55,000 MT/year transesterification plant, for an undisclosed client in South America.

10/04/2014 (Alliance News) - Anglo-Eastern Plantations PLC Tuesday said its pretax profit almost doubled in 2013 as a result of the revaluation of its biological assets but its revenues fell on lower crude oil prices.

10/04/2014 (Hindu Business Line) - Coconut oil prices zoomed to a new high of ₹2,300 for 15-kg loose pack.

10/04/2014 (DailyPost Nigeria) - The Raw Materials Research and Development Council, RMRDC, says it has designed a new initiate that will complement Federal Government’s efforts to create jobs for the teeming unemployed youths in Nigeria.

09/04/2014 (Reuters) - Malaysian palm oil futures fell to a two-month low on Tuesday after the ringgit climbed to a nearly four-month high, with prices further weighed by estimates showing production in the second-largest grower jumped last month.

09/04/2014 (Bernama) - Malaysian companies should be aggressive in venturing into the renewable energy sector, said the Malaysia-German Chamber of Commerce.

09/04/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

09/04/2014 (Reuters) - Tuesday's Rotterdam vegetable oil prices at 1600 GMT.