Archived News

21/03/2014 (Bernama) - Bumitama Agri Ltd and Maybank Investment Bank Bhd (Maybank IB) have priced and issued Bumitama's first RM500 million five-year sukuk issuance under its maiden RM2 billion sukuk programme in nominal value.

20/03/2014 (Reuters) - Malaysian palm oil futures rose on Wednesday after six straight days of falls as a technical bounce gave some relief, although gains were held back by sluggish demand for the tropical oil.

20/03/2014 (The Star) - Bank Negara Malaysia expects the economy in 2014 to grow at a steady rate, underpinned by the services and manufacturing sectors but amid higher inflation due to domestic costs factors.

20/03/2014 (Hindu Business Line) - Sentiments in the edible oils market turned better in second half of day, tracking firm reports from the markets abroad and sharp gains in domestic futures. On the Bombay Commodity Exchange, palmolein rose by ₹5, while soyabean refined oil futures jumped over one per cent on the NCDEX. Sunflower and cotton refined oil dropped by ₹5 in spot. Trading activities witnessed sharp jump as stockists came forward with fresh orders. On Wednesday, resellers sold 350-400 tonnes of palmolein at ₹630-631 and local industries sold 450-500 tonnes at ₹642-643 for April. Indigenous edible oils were under pressure on hope of higher arrivals of oilseeds in producing centres after Holi.

20/03/2014 (Indonesia Investments) - Export of Indonesian crude palm oil (CPO) as well as derived products is expected to reach 22 million tons in 2014. As this year's CPO price is expected to average USD $1000 per ton, significantly higher than the average of USD $850 per ton in 2013, it will translate into higher revenue from the country's palm oil sector. The value of Indonesian CPO export in 2014 is estimated to accelerate to USD $22 billion due to dry weather threatening crops in Indonesia and Malaysia. Indonesia is the world's largest producer and exporter of palm oil.

20/03/2014 (The Star) - Sarawak Oil Palms Bhd has proposed to acquire a 60% stake in DD Pelita Sebungan Plantation Sdn Bhd and Mutiara Pelita Genaan Plantation Sdn Bhd from Double Dynasty Sdn Bhd (DDSB) and Mutiara Hartabumi Sdn Bhd (MHSB) for RM134.9mil.

20/03/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

20/03/2014 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

19/03/2014 (Reuters) - Malaysian palm oil futures ended lower for the sixth straight day on Tuesday, stretching its longest losing streak this year, as worries of dry weather eased and weakening demand from top consumers continued to weigh.

19/03/2014 (Bernama) - The government will fully mandate the use of B5 (a blend of five per cent palm oil biodiesel and 95 per cent petroleum diesel) nationwide on July 1.

19/03/2014 (Business Recorder) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

19/03/2014 (Solomon Star) - The construction of a permanent complex to place a new portable milling machine for the Vangunu palm oil is nearing completion.The complex is being constructed by local firm, Pijin Holding company which is also responsible of ordering the portable machine from overseas.