Archived News

06/03/2014 (Jakarta Globe) - Indonesia’s use of palm oil for blending into biodiesel is likely to fall 41 percent short of its target due to a rally in prices of the vegetable oil, a senior industry official said.

06/03/2014 (Business Standard) - Palmolein oil prices rose by Rs 50 per quintal on the wholesale oils and oilseeds market today on increased buying by vanaspati millers amid a firming global trend.

06/03/2014 (Bernama) - RHB Research has maintained its "overweight" rating on the plantation sector due to a potential El Nino weather event and tight supply conditions and rising biodiesel demand in Indonesia.

06/03/2014 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

05/03/2014 (Reuters) - Malaysian palm oil futures ended flat on Tuesday, trading near 17-month highs as lower production expectations due to dry weather conditions were offset by weaker comparative vegetable oils.

05/03/2014 (Bernama) - There is a need to address major issues such as environment, sustainable production and trade liberalisation in order to maintain Malaysia's competitiveness in the global palm oil market, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

05/03/2014 (Bernama) - Malaysian Palm Oil Board (MPOB) is organising the International Competition on Oil Palm Mechanisation (ICOPM), offering more than RM1 million in cash prizes.

05/03/2014 (Bernama) - After establishing the gold futures contract on Oct 3 last year, Bursa Malaysia Derivatives (BMD) will now start a futures contract for refined, bleached and deodorised palm olein this year.

05/03/2014 (Bernama) - The oil palm industry contributes the least to deforestation, says the Malaysian Palm Oil Council (MPOC).

05/03/2014 (Bernama) - Freer trade as a result of the Trans-Pacific Partnership Agreement (TPPA) will eventually prompt stronger trade volume, says Felda Global Ventures Holdings Bhd Group President and Chief Executive Officer, Mohd Emir Mavani Abdullah.

05/03/2014 (Hindu Business Line) - The mood here at the annual Palm and Lauric oils Price Outlook 2014-15 conference is upbeat. Traders are expecting a further surge in crude palm oil prices from the current levels of 2,800 Malaysian ringgit a tonne. The market last week rallied by over 150 ringgit a tonne because of the perceived threat of adverse weather.

05/03/2014 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) is in the final stage of negotiating at least two more acquisition deals in upstream activities for this year.