Archived News

17/12/2013 (Borneo Post) - The Ministry of Plantation Industries and Commodities (MPIC) has allocated RM294 million for smallholders in Sabah and Sarawak for 2014 to replant and plant new oil palms involving 35,000 hectares of land under the government’s National Key Economic Area (NKEA).

17/12/2013 (Business Recorder) - Following are London Vegetable Oil Prices at 1700 GMT.

17/12/2013 (Hindu Business Line) - The Oil Palm Developers and Processors Association (OPDPA) in Andhra Pradesh is up in arms against the government’s efforts to change the pricing formula, which it says will make processing unviable.

17/12/2013 (Hindu Business Line) - Bearish futures pulled down edible oils prices in physical market initially but prices recovered at the end of the day following a rebound in Malaysian palm oil futures.

17/12/2013 (Blue & Green Tomorrow) - Investors are being told to stay away from a palm oil company whose founder is one of the bosses of an illegal logging firm in Indonesia.

17/12/2013 (Bloomberg) - Palm oil advanced on speculation that output will decline in Malaysia, the world’s second-largest producer, reducing stockpiles.

16/12/2013 (Borneo Post) - Malaysian palm oil futures (FCPO) dropped to their lowest for the week on Friday as it stretched losses into its fifth straight session as weakness in competing soy markets fuelled worries of a shift in demand from the tropical oil.

16/12/2013 (Hindu Business Line) - Malaysian palm oil futures on BMD ended lower Friday, as weakness in competing soy complex stoked worries of a shift in demand from Palm oil. Data from cargo surveyors showed that Malaysian palm oil exports fell by as much as 26 percent for the Dec. 1-10 period compared to a month ago, as buyers remained on the sidelines due to high prices. Market participants will be watching for export data for the first half of December, to be released by cargo surveyors on Monday, for more trading cues. Softer demand for palm oil, typical towards the year-end as palm solidifies in winter, have pressured palm prices to some extent.

16/12/2013 (Premium Times) - The Nigerian government said it would supply 73 motorised harvesters at subsidised rates to farmers, to boost oil palm production in the country.

16/12/2013 (Bloomberg) - Palm oil shipments by Indonesia, the world’s largest producer, probably advanced to the highest level in nine months in November.

16/12/2013 (Eleven Myanmar) - Representatives from the edible oil industry are calling on the government to increase domestic production to meet the local demands.

16/12/2013 (The Star) - Plantation conglomerate Felda Global Ventures Holdings Bhd (FGV) is in negotiations to acquire SPC Biodiesel Sdn Bhd, an “idle” biodiesel plant in Lahad Datu, Sabah, sources said.