Archived News

04/11/2013 (Borneo Post) - Malaysian palm oil futures hit a fresh one-year high on Friday, as strong Asian demand coupled with lower production expectations boosted prices for the fifth consecutive session. According to traders and analysts, both Malaysia and Indonesia are entering their monsoon weather season where their output are likely to be decreased by a lower production cycle as yields have eased from last year.

04/11/2013 (Borneo Post) - The gold prices fell last week despite US Fed policymakers reaffirming old news of remaining monthly stimulus. In fact, dollar index recovered from an eight-month low at 79.06 bottoms to 80.50 levels which has hammered yellow metal.

04/11/2013 (Business Recorder) - A cargo volume of 61,716 tonnes comprising 49,833 tonnes of import cargo and 11,883 tonnes of export cargo inclusive 1,510 loaded & empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 49,833 tonnes includes 15,706 tonnes of furnace oil; 11,100 tonnes of palm oil; 1,198 tonnes of fertiliser; 4,346 tonnes of chemicals; 3,610 tonnes of wheat; 92 tonnes of project cargo and 13,781 tonnes of containerised cargo. The total export cargo includes 11,883 tonnes of containerised cargo.

04/11/2013 (Hindu Business Line) - Malaysian palm oil futures on BMD hit a one-year high on Friday on lower production expectations amid weather worries.

04/11/2013 (The Star) - The spot crude palm oil (CPO) price crossed the RM2,500-per-tonne mark and soared to a new year-to-date (YTD) high of RM2,525 per tonne on Friday. The spike has sparked interest in the sector.

04/11/2013 (EurekAlert) - Members of the Roundtable on Sustainable Palm Oil (RSPO) are violating the rights of indigenous peoples and local communities in the forests and peatlands of tropical nations worldwide, according to a new research publication released today. The study details the performance of 16 oil palm operations, many run by RSPO members, reporting on their failure to uphold human rights and environmental standards required.

02/11/2013 (Reuters) - Malaysian palm oil futures briefly rose to a fresh one-year high on Friday, as strong Asian demand coupled with lower production expectations supported prices.

02/11/2013 (Bloomberg) - Palm oil production in Indonesia, the world’s largest supplier, may be less than expected this year after prolonged rains disrupted harvesting and transport, according to industry groups.

02/11/2013 (Bloomberg) - Palm oil advanced, sending futures into a bull market and capping the biggest weekly gain in almost three years, on speculation that rain may have reduced production in top suppliers Indonesia and Malaysia.

02/11/2013 (Jakarta Post) - The multi-stakeholder Roundtable on Sustainable Palm Oil (RSPO) and the Indonesian Sustainable Palm Oil (ISPO) initiative of the Ministry of Agriculture have signed an agreement on strategic cooperation to eventually develop a unified certification scheme for sustainable palm oil.

02/11/2013 (Reuters) - Indian soyoil futures rose on Friday to hit their highest level in 13 months, bolstered by gains in overseas edible oil prices, a weak rupee and good demand in local spot markets due to a festival.

01/11/2013 (Reuters) - Malaysian palm oil futures matched an eight-month high from the previous session before tracking back to trade flat on Thursday, with traders consolidating recent gains against a backdrop of lower output expectations.