Archived News

28/11/2013 (Bloomberg) - Palm oil climbed for the first time in four days after the Malaysian currency weakened to an eight-week low against the U.S. dollar, boosting the appeal of ringgit-denominated futures.

28/11/2013 (Borneo Post) - FELCRA Bhd Sarawak has developed 129 oil palm projects covering 48,488 hectares of land, spreading all over the state.

28/11/2013 (Bernama) - The Sarawak government has approved an allocation of RM41.4 million for the state Agriculture Department next year to implement on-going projects under the Tenth Malaysia Plan's crop, livestock, aquaculture and development support programmes.

28/11/2013 (Bernama) - Felda Global Ventures Holdings Bhd's (FGV) pre-tax profit for the nine months ended Sept 30, 2013, slipped to RM807.15 million from RM895.01 recorded in the same period last year.

28/11/2013 (4-Traders) - Neste Oil is the world's first company to be awarded an RSPO-RED Supply Chain certificate under the Roundtable on Sustainable Palm Oil's (RSPO) new, more demanding certification system. The certificate covers the production of NExBTL renewable diesel at Neste Oil's refineries in Porvoo, Rotterdam, and Singapore.

28/11/2013 (Bloomberg) - Palm-oil production in Indonesia, the world’s biggest supplier, is dropping for the first time in 15 years after heavy rains and drought. The decline is spurring a rebound in prices from the lowest level in 45 months.

28/11/2013 (Nigerian Tribune) - To many people, all there is to palm oil is preparation of meals, shortenings, soap and margarine manufacture. In rural communities, palm oil comes handy in treating cough, boils and as an antidote to poisons. But the medicinal uses of palm oil are far more. Scientists in a new study indicated its usefulness in detoxifying the body of heavy metals such as lead and cadmium that hurt the body.

28/11/2013 (The Star) - Fitters Diversified Bhd’s net profit surged 111% to RM10.9mil in the third quarter ended Sept 30 from RM4.75mil a year earlier, boosted by an increase in contribution from its property development project and palm oil business.

28/11/2013 (Bernama) - Genting Plantations Bhd's pre-tax profit for the third quarter ended Sept 30, 2013 declined 61 per cent, year-on year, to RM43.975 million.

28/11/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

28/11/2013 (Hindu Business Line) - The north eastern states need to take up palm oil cultivation in a big way to reduce India's dependence on edible oil imports and to benefit the farmers in the region, the Agriculture Minister, Sharad Pawar said today.

27/11/2013 (Reuter) - Malaysian palm oil futures ended lower on Tuesday, extending losses into a second day on prospects of stronger-than-expected production in the world's second-largest grower.