Archived News

27/01/2014 (The Sun Daily) - Local palm oil planter Chin Teck Plantations Bhd, which saw its net profit dive by more than 50% in the previous financial year, now expects a 10-15% recovery in bottom line in the current financial year ending Aug 31, 2014 (FY14), said its executive director Goh Wei Lei.

27/01/2014 (Business Recorder) - Edible oils including soyabean and palm imports in the country during first two quarters of current financial year witnessed decreasing trend of 27.24 percent and 11.47 percent respectively.

25/01/2014 (Reuters) - Malaysian palm oil futures ended lower on Friday as investors booked profits from a near three-week high touched in the previous session, while a slightly stronger ringgit stemmed buying interest.

25/01/2014 (Jakarta Globe) - Sinar Mas Group, one of the country’s largest conglomerates, is setting aside $400 million to establish fatty acid and fatty alcohol plants as part of its expansion plan in the palm oil business.

25/01/2014 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1700 GMT.

25/01/2014 (Hindu Business Line) - The edible oils market was mixed on Friday. Weak domestic currency, expectations of a higher demand and firm domestic soya oil futures market resulted in prices yo-yoing. Soyabean and cotton refined oil rose by ₹2 and ₹5 each for 10 kg. Sunflower and rapeseed oil ruled unchanged. Groundnut and palmolein declined by ₹10 and ₹1 each. The volume was need-based due to the month-end; but traders are positive about volumes rising in the coming days.

25/01/2014 (Times Of India) - Balu B Patel of Roda village in Valsad district has 150 oil palms on six hectares of land, and is now into palm oil business. Earlier, he had chickoo plantation. But, he decided to grow oil palms and spent Rs 10,000 per year on them for three years without any return.

25/01/2014 (Daily Express) - The Malaysian palm oil industry is expected to improve on its performance this year compared with 2013, supported by expected higher production and stronger demand from export destinations, and the use of biodiesel.

25/01/2014 (Reuters) - Top edible oil buyer India will likely import record volumes of vegetable oils to feed a rapidly growing population in the next marketing year, a trade body said, despite a recent government hike in import duties for the refined grade.

24/01/2014 (Reuters) - Malaysian palm oil futures rose to a near 3-week high on Thursday after the local currency tumbled again, raising hopes for stronger demand as the ringgit-priced feedstock becomes more attractive to overseas buyers and refiners.

24/01/2014 (Bernama) - The government will be implementing a certification scheme based on Malaysian standards to brand Malaysian palm oil for sustainability and nutritional benefits.

24/01/2014 (Bernama) - Malaysia's production of crude palm oil (CPO) is expected to increase to 19.5 million tonnes this year, from 19.2 million tonnes recorded in 2013, given the recovery in fresh fruit bunches.