Archived News

28/01/2014 (Business Recorder) - Edible oils including soyabean and palm imports in the country during first two quarters of current financial year witnessed decreasing trend of 27.24 percent and 11.47 percent respectively.

28/01/2014 (Bloomberg) - Palm oil fell the most in almost three weeks after data showed that exports from Malaysia, the world’s second-largest producer, were poised for a third monthly decline as global supplies of cooking oils expand.

28/01/2014 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

28/01/2014 (Bloomberg) - Presco Plc (PRESCO), a Nigerian palm-oil producer, jumped to its highest level on record because of prospects that it will maintain dividend payments and a plan to expand into rubber plantations lure investors.

27/01/2014 (Borneo Post) - Malaysian palm oil futures ended lower on Friday despite their biggest weekly gain in four week as investors booked profits from a near three-week high in the previous session on Thursday.

27/01/2014 (Business Recorder) - The European vegetable oils market fell on Friday due to weakness in the futures markets and news that Argentina was to ease its strict exchange controls. "The market was a tad lower already during the day because of weakness in both CBOT soyoil futures and Malaysian palm oil futures. The Argentina exchange control move led to an easier sentiment also," one broker said.

27/01/2014 (The Sun Daily) - Local palm oil planter Chin Teck Plantations Bhd, which saw its net profit dive by more than 50% in the previous financial year, now expects a 10-15% recovery in bottom line in the current financial year ending Aug 31, 2014 (FY14), said its executive director Goh Wei Lei.

27/01/2014 (Business Recorder) - Edible oils including soyabean and palm imports in the country during first two quarters of current financial year witnessed decreasing trend of 27.24 percent and 11.47 percent respectively.

25/01/2014 (Reuters) - Malaysian palm oil futures ended lower on Friday as investors booked profits from a near three-week high touched in the previous session, while a slightly stronger ringgit stemmed buying interest.

25/01/2014 (Jakarta Globe) - Sinar Mas Group, one of the country’s largest conglomerates, is setting aside $400 million to establish fatty acid and fatty alcohol plants as part of its expansion plan in the palm oil business.

25/01/2014 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1700 GMT.

25/01/2014 (Hindu Business Line) - The edible oils market was mixed on Friday. Weak domestic currency, expectations of a higher demand and firm domestic soya oil futures market resulted in prices yo-yoing. Soyabean and cotton refined oil rose by ₹2 and ₹5 each for 10 kg. Sunflower and rapeseed oil ruled unchanged. Groundnut and palmolein declined by ₹10 and ₹1 each. The volume was need-based due to the month-end; but traders are positive about volumes rising in the coming days.