Archived News

05/10/2013 (Hindu Business Line) - Barring cotton refined oil, which rose by Rs 3 for 10 kg, all other edible oils declined on Friday by Rs 3-5 due to slack demand, higher selling pressure and weak futures.

05/10/2013 (The Nation) - Federal Minister for National Food Security and Research, Sikandar Hayat Khan Bosan on Thursday said that Pakistan and Malaysia have vast potential for collaboration in the fields of agriculture and livestock. Bosan stated this while talking to High Commissioner of Malaysian to Pakistan, Dr. Hasrul Sanibin Mujtabar, when the letter called on the minister here at minister’s office.

05/10/2013 (Economic Times) - The Cabinet Committee on Economic Affairs ( CCEA) has approved the implementation of the National Mission on Oilseeds and Oil Palm (NMOOP) during the 12th Plan Period with financial allocation of Rs.3507 crore.

05/10/2013 (Jakarta Post) - Indonesia plans to employ all its lobbying efforts to gain wide approval from fellow Asia-Pacific Economic Cooperation (APEC) members for its latest proposal to study products for reduced tariffs and to gain sufficient support to make the upcoming World Trade Organization (WTO) meeting a success.

05/10/2013 (The Star) - Palm oil on the European vegetable oils market firmed on Friday, tracking Malaysian palm oil futures, which again were following a hike in CBOT soyoil on bargain buying and a slowdown in the U.S. soybean harvest due to rains.

05/10/2013 (The Star) - Felda Global Ventures Holdings Bhd (FGV) is in talks to optimise and possibly raise its 49% stake in Felda Holdings Bhd (FHB), the world’s No. 1 crude palm oil (CPO) producer by volume, according to president and CEO Mohd Emir Mavani Abdullah.

05/10/2013 (Bloomberg) - Palm oil advanced for the first time in three days on speculation that rain in the U.S. may delay harvesting of soybeans crushed to make a substitute.

05/10/2013 (Hindu Business Line) - The Government proposes to spend Rs 3,507 crore during the 12th Five Year Plan to boost oilseeds output and bring additional area of 1.25 lakh hectares under oil palm.

05/10/2013 (Daily Express) - The Palm Oil Industrial Cluster (POIC) Lahad Datu has received encouraging response from local and international investors since its inception, and total investment to date has reached a whopping RM4.5 billion.

05/10/2013 (Jakarta Globe) - As Indonesia hosts the Asia-Pacific Economic Cooperation summit in Bali, the government as well as business leaders are likely to push forward their agendas on priority issues ranging from agricultural commodities and public works projects to shrimp exports, in a bid to make trade work more to their advantage.

04/10/2013 (Reuters) - Malaysian palm oil futures ended lower for a second session on Thursday as the U.S.government shutdown buoyed the ringgit currency, curbing demand from overseas buyers.

04/10/2013 (Daily Times) - Pakistan and Malaysia have vast potential for collaboration in the field of agriculture and livestock.