Archived News

09/01/2014 (Hindu Business Line) - Edible oil prices fell further on Wednesday by Rs 5 for 10 kg as the futures market declined and physical demand was low. Imported palmolein and soyabean refined oil dropped by Rs 5 each. Sunflower and rapeseed oil dipped by Rs 5 and Rs 3, respectively.

09/01/2014 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, probably climbed for a second month after farmers withheld soybean supplies because of a decline in prices, a Bloomberg survey showed.

09/01/2014 (Bloomberg) - Palm oil fell for a sixth day in the longest losing streak since March on speculation that declining prices of soybean oil, an alternative in food and fuel uses, will cut demand for the tropical oil.

08/01/2014 (Reuters) - Malaysian palm oil futures edged lower on Tuesday, hitting a near three-week low and stretching losses into a fourth straight day as continued weakness in U.S. and China soy markets dragged on the tropical oil.

08/01/2014 (Bernama) - HLIB Research has revised upwards the 2014 and 2015 earnings forecast of plantation companies under its coverage by between 1.1 per cent and 10.1 per cent, given a higher crude palm oil (CPO) price projection.

08/01/2014 (Bloomberg) - Palm oil stockpiles in Malaysia, the world’s second-biggest supplier, probably declined for the first time in four months as production tumbled the most since February, a Bloomberg survey showed.

08/01/2014 (Bernama) - One hundred and twelve hardcore poor household heads in the Kuamut area have been selected to participate in a government oil palm cultivation programme.

08/01/2014 (Reuters) - Malaysian palm oil stocks in December likely eased for the first time in six months after monsoon rains and floods dented production in some parts of the Southeast Asian country, although weaker export demand stemmed the fall.

08/01/2014 (Hindu Business Line) - Edible oils extended their bearish trend for the fourth day on Tuesday, tracking sharp declines in the futures market. Selling pressure in the physical market also aggravated the situation. Imported palmolein declined by Rs 2 and groundnut oil by Rs 10 for 10 kg each. Soyabean, sunflower and cotton oil ruled steady, while rapeseed oil gained Rs 5.

08/01/2014 (Business Recorder) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

07/01/2014 (Reuters) - Malaysian palm oil futures slipped to a two-week low on Monday as forecasts of bumper supplies from the world's top palm producers continued to weigh on investor sentiment, while weak competing overseas markets also pressured prices.

07/01/2014 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.