Archived News

04/12/2013 (Reuters) - Malaysian palm oil futures ended lower for the third straight day on Tuesday, hurt by weaker-than-expected exports, but prices were held up by prospects that monsoon floods could dent output in the world's second-largest producer.

04/12/2013 (Reuters) - Palm oil firm Golden Agri-Resources Ltd fell more than 2 percent on Tuesday, headed for its biggest daily loss in nearly a month due to lower palm oil prices, and weighed on Singapore's benchmark stock index, which was little changed.

04/12/2013 (Hindu Business Line) - Edible oils continued to decline, tracking sharp drop in futures market in the absence of physical demand.

04/12/2013 (Bernama) - The push to speed up consultations on problems relating to Malaysia-Indonesia land and sea borders is among the items agreed to by both countries at the Joint Commission for Bilateral Cooperation (JCBC) meeting here Monday night.

04/12/2013 (Domestic Fuel) - Renewable diesel from European company Neste Oil has been certified sustainable. This company news release says it’s the world’s first company to be awarded an RSPO-RED Supply Chain certificate under the Roundtable on Sustainable Palm Oil’s (RSPO) new certification system, covering the production of NExBTL renewable diesel:

04/12/2013 (The Star) - From palm oil, rubber, iron ore to eggs, Asia's new commodity derivatives are drawing in global exchanges eager to profit from rising trade volumes and a likely shift of pricing benchmarks from the West.

04/12/2013 (Moneycontrol.com) - NCDEX, the leading commodity exchange is seeing greater traction in its recently launched Crude Palm Oil contract, with an average daily traded volume of close to 1820 MT and an OI of 6,810 MT as on December 02, 2013. The total volume in Crude Palm Oil since launch, upto December 02, 2013 is Rs. 62 crore.

04/12/2013 (Business Recorder) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

03/12/2013 (Reuters) - Malaysian palm oil futures ended lower on Monday after weaker-than-expected export demand made investors more cautious about taking risky bets, but losses were contained by hopes that rising biofuel consumption would keep prices supported.

03/12/2013 (THISDAY Live) - A nation that wants to grow must look inwards so as to harness those areas where it has comparative advantage over other nations. When this is done, then efforts would be done to develop those areas to the advantage of the nation.

03/12/2013 (Pakistan Observer) - Import of edible oil in the country including soyabean and palm, witnessed decreasing trend during first four months of current financial year as compared to same period of last year. During the period from July-October, this year, the import of soyabean oil decreased by 20.28 per cent and reached at 29,701 metric tons costing US$ 31.488 million. According the data of Pakistan Bureau of Statistics the import of soyabean was recorded at 30,596 metric tons valuing US$ 39.49 million in same period of last year. During the period under review, palm oil import decreased by 11.28 per cent and reached at 756,373 metric tons costing US$ 615.130 million which was recorded at 662,130 metric tons worth US$ 693.35 million in corresponding period of last year.

03/12/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.