Archived News

27/12/2013 (Hindu Business Line) - Activities in the edible oils market were at a standstill despite prices dropping for the second consecutive day on Thursday. In markets abroad, Malaysian palm oil futures ended mixed amidst with thin volatility on reports of lower palm oil exports this month.

26/12/2013 (Reuters) - Malaysian palm oil futures rose to their highest in nearly two weeks on Tuesday, shrugging off declines in competing soyoil markets, as supply concerns following monsoon floods and a weak ringgit supported prices of the tropical oil.

26/12/2013 (Hindu Business Line) - Lack of demand forced local refineries to lower palm oil rates by Rs 2-4 for 10 kg on Wednesday in the edible oils market. The Bombay Commodity Exchange was closed for Christmas.

26/12/2013 (Business Recorder) - Following are London vegetable oil prices (1200 GMT).

26/12/2013 (THISDAY Live) - The nine-month financial performance of Okomu Oil Palm Plc, which was impacted by high operating and financing costs may indicate poor harvest at the end of the year, writes Goddy Egene

26/12/2013 (Business Standard) - The country’s vegetable oil refineries are dying due to a faulty inverted duty structure on import, said Dorab Mistry, director, Godrej International.

26/12/2013 (New Straits Times) - Malaysia's oleochemical exports are expected to expand by 20 per cent to 2.7 million tonnes, thanks to manufacturers’ efforts in upgrading their fatty acids and fatty alcohol throughput.

26/12/2013 (Bloomberg) - Palm oil advanced for a fourth day to the highest level in more than a week as a weaker Malaysian currency boosted the outlook for exports.

24/12/2013 (Reuters) - Malaysian palm oil futures ended higher on Monday, stretching gains into a third straight day as the ringgit's poor performance stoked demand, while concerns over disruption in supply due to monsoon floods also buoyed prices.

24/12/2013 (Bernama) - The BioPro Diesel invented by local scientists can potentially generate RM40 billion annually, in addition to providing a better solution to oil palm waste disposal.

24/12/2013 (Bernama) - Malaysia's latest innovation the Biopro Diesel not only costs 40 percent less compared with standard diesel fuel but it also emits less toxic fumes that are hazardous to the health and environment.

24/12/2013 (Bloomberg) - Palm oil advanced for a third day to the highest level in more than a week as a decline in the Malaysian currency improved prospects for exports from the world’s second-largest producer.