Archived News

30/11/2013 (Reuters) - Malaysian palm oil futures ended lower on Friday as investors booked profits from gains made earlier in the week, but prices were supported by optimism that higher biofuel mandates will stoke edible oil demand and prop up the tropical oil.

30/11/2013 (Bernama) - MIDF Research and RHB Research have both maintained a "buy" call on Felda Global Ventures Holdings Bhd (FGV).

30/11/2013 (Reuters) - Annual output at Indonesian palm oil firm Sampoerna Agro could grow by as much as 20 percent next year to about 1.7 million tonnes, helped by favourable weather and maturing trees, a company official said on Friday.

30/11/2013 (New Straits Times) - Despite all the available scientific evidence, published in peer-reviewed journals, there are still groups questioning palm oil's health status.

30/11/2013 (Bloomberg) - Palm, the world’s most used cooking oil, is set to extend a bull market rally as output drops in Indonesia and biofuel mandates expand globally, said Dorab Mistry, director at Godrej International Ltd.

30/11/2013 (Bloomberg) - Palm oil headed for a second monthly advance on speculation that production in Indonesia, the world’s largest supplier, may decline this year as weather curbs yields.

30/11/2013 (ANTARA News) - Indonesias crude palm oil production is estimated to be lower-than-expected at only 26.2 million tons this year, owing to extreme weather that has disrupted harvests in the country.

30/11/2013 (Business Recorder) - The Karachi Port handled 102,142 tonnes of cargo comprising 74,744 tonnes of import cargo and 27,398 tonnes of export cargo including 3,159 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday.

30/11/2013 (The New Indian Express) - The finance department has started the Budget exercise for the entire state of Andhra Pradesh as per its schedule even though the process to carve out Telangana state is underway.

30/11/2013 (Jakarta Globe) - Bank Mandiri, the country’s largest lender by assets, disbursed Rp 51.9 trillion ($4.4 billion) in the period from January to October this year to the palm oil sector alone, up 7.2 percent from the same period a year ago. The bank seeks even more opportunities to lend to the palm oil industry next year.

29/11/2013 (Bernama) - Kulim (Malaysia) Bhd's pre-tax profit for the third quarter ended Sept 30, 2013 fell to RM45.49 million from RM82.20 million in the same quarter last year.

30/11/2013 (Bernama) - Sime Darby Bhd's pre-tax profit for the first quarter ended Sept 30, 2013 fell to RM714.21 million from RM1.28 billion in the same period last year.