Archived News

02/12/2013 (Borneo Post) - Malaysian palm oil futures (FCPO) ended higher by 0.45 per cent for the week even though investors booked profits from gains made earlier in the week as it went up to as high as 2,678. Meanwhile, prices were supported by optimism that higher biofuel mandates will encourage edible oil demand and support the tropical oil.

02/12/2013 (Borneo Post) - The US equity market remained vibrant above 16,000 benchmarks while dollar weakened further against European currencies. Last week, gold recovered in a sideways trend but it is prone to bullish bias. Market investors should stay alert for decision on curbing stimulus by US Fed policymakers though no news has been announced yet. The weekly crude inventories continued to increase at three million barrels for the week ended November 23. However, market rebounded on Friday before the week due to short-covering from an almost six-month low.

02/12/2013 (ANTARA News) - Growing demand for Indonesias palm oil and its domination of the world market was an attracting topic in a conference held at the Indonesian Consulate General in Hamburg, Germany, on Saturday.

02/12/2013 (Pakistan Observer) - Import of edible oil in the country including soyabean and palm witnessed decreasing trend during first four months of current financial year as compared to same period of last year. During the period from July-October, 2013, the import of soyabean oil decreased by 20.28 percent and reached at 29,701 metric tons costing US$ 31.488 million. According the data of Pakistan Bureau of Statistics the import of soyabean was recorded at 30,596 metric tons valuing US$ 39.49 million in same period of last year.

02/12/2013 (UkrAgroConsult) - Palm oil prices could hit over a one-year high by March 2014, on strong demand from the biofuel industry, leading analyst Dorab Mistry said on Friday. Prices are rising faster than previously expected and could reach MYR3,000 (USD930) per tonne by next year according to the analyst.

02/12/2013 (The Official Government News Portal of Sri Lanka) - Trade and Commerce Minister Johnston Fernando instructed Consumer Affairs Authority (CAA) officials to conduct an investigation into a complaint that coconut oil available in the market has been mixed with some other oil and take legal action against those involved.

30/11/2013 (Reuters) - Malaysian palm oil futures ended lower on Friday as investors booked profits from gains made earlier in the week, but prices were supported by optimism that higher biofuel mandates will stoke edible oil demand and prop up the tropical oil.

30/11/2013 (Bernama) - MIDF Research and RHB Research have both maintained a "buy" call on Felda Global Ventures Holdings Bhd (FGV).

30/11/2013 (Reuters) - Annual output at Indonesian palm oil firm Sampoerna Agro could grow by as much as 20 percent next year to about 1.7 million tonnes, helped by favourable weather and maturing trees, a company official said on Friday.

30/11/2013 (New Straits Times) - Despite all the available scientific evidence, published in peer-reviewed journals, there are still groups questioning palm oil's health status.

30/11/2013 (Bloomberg) - Palm, the world’s most used cooking oil, is set to extend a bull market rally as output drops in Indonesia and biofuel mandates expand globally, said Dorab Mistry, director at Godrej International Ltd.

30/11/2013 (Bloomberg) - Palm oil headed for a second monthly advance on speculation that production in Indonesia, the world’s largest supplier, may decline this year as weather curbs yields.