Archived News
24-10-2013
Refineries Hike Palmolein Rates; Soya Oil Surges
24/10/2013 (Hindu Business Line) - A sharp jump in Malaysian palm oil futures lifted domestic soya oil futures by over two per cent on Wednesday. However, soya oil ruled steady in the spot market.
24-10-2013
Palm Oil Jumps to Seven-Month High as Inventory Concerns Ease
24/10/2013 (Bloomberg) - Palm oil gained for a fourth day to the highest level in seven months on speculation that output in Malaysia may increase at a slower pace, capping inventories in the world’s second-largest producer.
24-10-2013
Provident to Raise $83m From Secondary Offering
24/10/2013 (Jakarta Globe) - Provident Agro, a palm oil plantation firm controlled by Saratoga Group, plans to raise Rp 929 billion ($82.7 million) in a secondary offering in December this year in an attempt to finance a plantation acquisition.
24-10-2013
Sumatran Tiger Habitat Loss Blamed on Plantation Firms
24/10/2013 (Jakarta Globe) - The tiger population in the rainforests of Sumatra is vanishing at a staggering rate, reducing the number of the endangered species to as few as 400, Greenpeace International has warned.
24-10-2013
First-hand Encounters
24/10/2013 (The Star) - MPOC recently hosted French and Belgian journalists on an educational tour. The Star went along for the ride.
24-10-2013
UPDATE - DekelOil\'s Palm Oil Plant on Course to Generate First Revenues in January
24/10/2013 (Proactive Investors Australia) - Shares in DekelOil (LON:DKL) surged 20% on Tuesday as it further advances its goal of becoming a significant producer of Crude Palm Oil (CPO) in the Ivory Coast.
24-10-2013
No Relief in Ghee, Cooking Oil Rates
24/10/2013 (PakTribune.com) - Prices of ghee and cooking oil have not declined despite duty concessions on import of palm oil under Pakistan-Indonesia Preferential Trade Agreement (PTA), effective from September 2013.
24-10-2013
Budget 2014: Planters Want Govt to Abolish Palm Oil Windfall Profit Tax
24/10/2013 (The Star) - The plantation industry, one of the heavily taxed sectors in Malaysia, is urging the Government to re-consider abolishing the palm oil windfall profit tax (WPT) under the proposed Budget 2014 to be tabled tomorrow.
24-10-2013
Palmolein Prices Slide on Subdued Demand, Global Cues
24/10/2013 (Economic Times) - Palmolein prices fell by Rs 50 per quintal on the wholesale oils and oilseeds market today on subdued demand amid a weak global trend.
24-10-2013
EU Imposes Punitive Duties On Biodiesel From Argentina Alleging Dumping
24/10/2013 (Bernama) - European Union member states agreed to impose punitive duties on imports of biodiesel from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats.
24-10-2013
Malaysian F&B Firms Garner RM48.5 Million Sales At Anuga Trade Fair
24/10/2013 (Bernama) - Malaysian food and beverage (F&B) exporters garnered total sales of RM48.5 million at the recent ANUGA 2013 in Cologne, Germany.
23-10-2013
VEGOILS-Palm Hits Fresh 1 1/2-Mth High on Estimates of Output Fall
23/10/2013 (Reuters) - Malaysian palm oil futures climbed to a fresh one-and-a-half month high on Tuesday, reversing losses in the morning session on growers' estimates that output in the world's second-largest producer fell in October instead of peaking.