Archived News

22/01/2014 (Bernama) - Global demand for palm oil and palm oil-derived products remain intact as the market around the world has become increasingly dependent towards the valuable agricultural crop, Malaysian Palm Oil Board Director-General Datuk Dr Choo Yuen May said Tuesday.

22/01/2014 (Jakarta Post) - Indonesia’s commitment to increasing its value-added exports has proven to be a vast boon to the economy, with the country set to see at least Rp 180 trillion (US$14.83 billion) of realized investment in the construction of mineral and palm-oil refineries, the Investment Coordinating Board (BKPM) says.

22/01/2014 (Bloomberg) - Palm oil advanced for a fifth day to a two-week high on speculation that a weakening Malaysian currency may spur demand for ringgit-denominated futures.

22/01/2014 (Bloomberg) - Storebrand ASA (STB) ended its investment in most palm oil producers, apart from Golden Agri-Resources Ltd. (GGR), after Norway’s second-largest insurer found the companies breached its environmental sustainability standards.

21/01/2014 (Reuters) - Malaysian palm oil futures rose to their highest in two weeks on Monday as a weaker ringgit prompted buying interest from overseas investors, but sluggish exports put a lid on gains and kept prices in a tight range.

21/01/2014 (Bernama) - Iran and Malaysia should strengthen trade in palm oil by exploring Middle East markets and use Iran as a hub, says Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas.

21/01/2014 (Hindu Business Line) - Crude palm oil prices might have held up well in recent times supported by a host of factors including seasonality and anticipated Indonesian internal demand, but a moderately bearish phase is rapidly emerging.

21/01/2014 (Reuters) - Indian oilseeds and soyoil futures rose on Monday taking cues from global markets, while spot prices were up on poor supplies of locally-grown oilseed crops such as rapeseed.

21/01/2014 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

24/01/2014 (Bernama) - Iran's interim nuclear deal with six major powers, which came into force today, will cut sanctions and bring down the barriers to trade between the country and other countries, including Malaysia, says Malaysian Ambassador to Iran Mohamad Sadik Kethergany.

21/01/2014 (Bernama) - Felda Global Ventures Holdings Bhd (FGV), the world's third largest oil palm plantation operator, is eyeing a bigger external network and to tap the Pakistan, India and Bangladesh markets this year.

21/01/2014 (Bernama) - TDM Plantation Sdn Bhd (TDMP), the plantation arm of TDM Bhd, expects its Indonesian operations to contribute between 40 and 45 per cent to the group's earnings over the next five years.