Archived News
14-11-2013
Palm Oil Fluctuates as Prices Near One-Year High May Curb Demand
14/1/2013 (Bloomberg) - Palm oil swung between gains and losses on concern that prices near a 13-month high may curtail consumer demand even as lower production trims stockpiles.
13-11-2013
VEGOILS-Malaysian Palm Oil Up On Typhoon's Possible Market Impact
13/11/2013 (Reuters) - Malaysian palm oil futures jumped in late trade on Tuesday on concerns that a super typhoon in the Philippines would tighten supplies of other vegetable oils and shift demand to palm oil-based substitutes, investors said.
13-11-2013
Global Demand For Sustainable Palm Oil To Grow To Nine Million Tonnes By 2015
13/11/2013 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO) has projected the global demand for sustainable palm oil to grow to nine million tonnes by 2015 from five million tonnes currently, said Secretary-General Darrel Webber.
13-11-2013
Bursa Malaysia Derivatives, DCE Extend Collaboration For 3 More Years
13/11/2013 (Bernama) - Bursa Malaysia Derivatives Bhd and Dalian Commodity Exchange (DCE) have extended their eight-year collaboration for another three years.
13-11-2013
KLK Gets Extension To Decide On Proposed Takeover Of London-Based Equatorial Palm Oil
13/11/2013 (Bernama) - Kuala Lumpur Kepong Bhd (KLK), which is in talks with London-listed Equatorial Palm Oil Plc (EPO), has received an extension from the UK Panel to decide on the proposed acquisition of EPO.
13-11-2013
Malaysia's Total Trade Up 2.4 Pct In First 9 Months Of 2013
13/11/2013 (Bernama) - Malaysia's total trade for the January-September period increased 2.4 per cent to RM1 trillion from RM982.2 billion in the same period last year, said Malaysia External Development Corporation (Matrade) Chairman Datuk Noraini Ahmad.
13-11-2013
No Proof Palm Oil In Market Contains Recycled Oil - Ministry
13/11/2013 (Bernama) - The Ministry of Plantation Industries and Commodities has denied the presence of recycled oil in palm oil for cooking which was sold in the market.
13-11-2013
Palm Oil Prices May Come Under Pressure Next Year
13/11/2013 (Hindu Business Line) - There was some euphoria in the palm oil market recently when prices breached Malaysia ringgit (MYR) 2,600 a tonne for crude palm oil as wet weather triggered production concerns. But the rally was short-lived given the current and emerging market fundamentals. CPO prices have already declined to MYR 2,500 levels and are facing further downward pressure.
13-11-2013
Currency Moves Heat Up Edible Oils
13/11/2013 (Hindu Business Line) - A sharp jump in Malaysian palm oil futures and extended weakness in domestic currency pushed up edible oils prices on Tuesday.
13-11-2013
Indonesia Palm Reserves May Drop as Weather Curbs Output
13/11/2013 (Bloomberg) - Palm oil inventories in Indonesia, the world’s largest supplier, probably declined in October to the lowest level in 16 months as rain disrupted production and exports gained, boosting the outlook for prices.
13-11-2013
Palm Swings as Investors Weigh Weak Exports Against Output Drop
13/11/2013 (Bloomberg) - Palm oil fluctuated on speculation that falling exports from Malaysia, the world’s second-largest producer, may boost inventories even as output starts to taper.
13-11-2013
Palm Oil Climbs to One-Week High on Increasing Biodiesel Demand
13/11/2013 (Bloomberg) - Palm oil advanced for a third day to the highest level in more than a week on speculation that demand for the tropical oil as feedstock will increase as Indonesia accelerates its biodiesel program.