Archived News

21/10/2013 (Business Recorder) - Soyaoil was buoyed by firm US prices in Europe on Wednesday, palmoil was supported by strong Malaysian markets while rapeseed eased in late trade as prices neared what traders saw as a resistance. European soyaoil gained 10 euros at 730 euros a tonne, pulled up by a jump on US markets, as a deal on debt neared.

21/10/2013 (Reuters) - Groundnut deliveries in 35-kg bags, and prices in rupees per 20 kgs, in some of the main markets in the Saurashtra region of western state of Gujarat:

21/10/2013 (Reuters) - Solvent Extractors Association of India -Oct 21.

19/10/2013 (Reuters) - Malaysian palm oil futures ended higher on Friday, reversing some losses in the morning session after the ringgit eased a little, while hopes of only a slight rise in stocks lifted prices to post their second weekly rise in a row.

19/10/2013 (Reuters) - An Indonesian rule limiting plantation areas to just 100,000 hectares for new palm oil firms threatens an ambitious output goal of 40 million tonnes by 2020 set by the world's top producer of the edible oil, an industry group said on Friday.

19/10/2013 (Hindu Business Line) - Coconut oil prices declined on lack of demand with competing products such as palm kernel and palm oil ruling lower. . R.M. Palanisamy, a coconut oil trader, said, “The price of the coconut oil decreased by Rs 90 for 15 kg loose pack for want of demand Oil crushers are having huge stock with them and the prevailing current prices of Rs 1,310 for 15-kg loose pack will continue for some more weeks.”

19/10/2013 (The Hill) - A major palm oil producer hasn’t given up trying to reverse a preliminary 2012 Environmental Protection Agency finding that biofuels produced from palm oil don’t meet the greenhouse gas standards of the federal biofuels mandate.

19/10/2013 (Bloomberg) - Palm oil gained for a second week on speculation that rising exports from Malaysia may curb a build-up in stockpiles in the world’s second-largest producer.

19/10/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives ended higher on Friday, reversing some losses of the previous session after the ringgit eased a little. However, hopes of a lower-than-expected rise in stocks lifted prices to help palm oil post its second weekly rise in a row. A minor rise in production growth in October, along with robust demand, is expected to keep stocks below the psychological level of two million tonnes this year. Cargo surveyor data showed that exports of Malaysian palm oil in the first half of October rose to between 7,81,043 tonnes and 7,99,853 tonnes, some 7-12 per cent higher from a month earlier. Market players will be waiting for export data for the October 1-20 period, due on October 21, to gauge further demand. Energy prices tanked as US inventory data pointed to a well-supplied market, denting sentiment for the edible oil complex.

19/10/2013 (Indonesia Investments) - Indonesia Investments has updated the company profile of Bakrie Sumatera Plantations. The company is an Indonesian integrated agribusiness company that engages in oil palm and rubber plantations.

18/10/2013 (Reuters) - Malaysian palm oil futures ended lower on Thursday as investors booked profits from a five-week high that was buoyed by robust exports and optimism that output volumes in the world's second-largest producer may not surge as much as initially expected.

18/10/2013 (Hindu Business Line) - Edible oils prices rose on Thursday tracking firm futures market amid tight physical supply. Malaysian palm oil ruled firm during the day but profit booking pulled it down later.