Archived News

03/01/2014 (National News Bureau of Thailand) - The Thai Oil Palm and Palm Oil Association confirms there is no need to increase palm oil price at present since supply is still sufficient for domestic consumption. The association suggests the government let palm oil price move in line with the market mechanism.

03/01/2014 (Bloomberg) - Palm oil swung near the highest level in more than three weeks, after capping its first annual gain in three years, amid speculation that inventories in Malaysia probably dropped in December for the first time in four months.

03/01/2013 (Business Recorder) - Asking prices for most products on the European vegetable oils market eased on Thursday in sympathy with weaker futures markets and because of a dip in the euro.

03/01/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.

02/01/2014 (The Star) The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

02/01/2014 (BusinessDay) - The Federal Government has identified investment in palm oil as key to sustainable economic growth capable of creating over 3.5 million jobs by 2015 in the country.

02/01/2014 (Nigerian Tribune) - Each year many people are diagnosed with kidney failure, a serious condition in which the kidneys fail to rid the body of wastes.

02/01/2014 (Hindu Business Line) - In the absence of cues from the world market, volatile domestic futures and slack physical demand kept edible oil prices under check on Wednesday. Domestic soya oil futures ruled weak as speculators trimmed positions by booking profits from previous day’s sharp gain. Local refineries increased their rates for palm oil by Rs 3-5 for 10 kg.

02/01/2014 (Business Times) - The demand for crude palm oil (CPO) is expected to be resilient this year, with the price averaging RM2,600 a tonne.

01/01/2014 (Reuters) - Malaysian palm oil futures ended higher on Tuesday after a slight recovery in exports signalled rising food and fuel demand for the edible oil, triggering speculative buying that lifted prices to their first annual gain in three years.

01/01/2014 (Bernama) - The demand for crude palm oil (CPO) is expected to be resilient next year with the help from the biodiesel sector following the government's biodiesel five per cent blend (B5) programme, with price to average RM2,600 a tonne.

01/01/2014 (Sun.Star) - A 10,000-hectare (ha.) palm oil plantation and processing plant for each municipality is being pushed in the region to help banana farmers who are being affected by the fusarium wilt, an official said.