Archived News

30/11/2013 (ANTARA News) - Indonesias crude palm oil production is estimated to be lower-than-expected at only 26.2 million tons this year, owing to extreme weather that has disrupted harvests in the country.

30/11/2013 (Business Recorder) - The Karachi Port handled 102,142 tonnes of cargo comprising 74,744 tonnes of import cargo and 27,398 tonnes of export cargo including 3,159 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday.

30/11/2013 (The New Indian Express) - The finance department has started the Budget exercise for the entire state of Andhra Pradesh as per its schedule even though the process to carve out Telangana state is underway.

30/11/2013 (Jakarta Globe) - Bank Mandiri, the country’s largest lender by assets, disbursed Rp 51.9 trillion ($4.4 billion) in the period from January to October this year to the palm oil sector alone, up 7.2 percent from the same period a year ago. The bank seeks even more opportunities to lend to the palm oil industry next year.

29/11/2013 (Bernama) - Kulim (Malaysia) Bhd's pre-tax profit for the third quarter ended Sept 30, 2013 fell to RM45.49 million from RM82.20 million in the same quarter last year.

30/11/2013 (Bernama) - Sime Darby Bhd's pre-tax profit for the first quarter ended Sept 30, 2013 fell to RM714.21 million from RM1.28 billion in the same period last year.

30/11/2013 (Bernama) - Boustead Holdings Bhd's pre-tax for the third quarter ended Sept 30, 2013 increased to RM159.20 million from RM132.70 million recorded in the same quarter last year.

29/11/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.

29/11/2013 (MarketWatch) - Neste Oil is the world's first company to be awarded an RSPO-RED Supply Chain certificate under the Roundtable on Sustainable Palm Oil's (RSPO) new, more demanding certification system. The certificate covers the production of NExBTL renewable diesel at Neste Oil's refineries in Porvoo, Rotterdam, and Singapore.

29/11/2013 (Bloomberg) - Indonesia, the world’s biggest palm oil supplier, should frame a policy to boost domestic consumption in biofuels to bolster prices, the president said.

29/11/2013 (Bloomberg) - Palm-oil production in Indonesia, the world’s biggest supplier, is dropping for the first time in 15 years after heavy rains and drought. The decline is spurring a rebound in prices from the lowest level in 45 months.

29/11/2013 (Reuters) - Malaysian palm oil futures ended higher on Thursday as a weak ringgit spurred investors to square positions ahead of an industry gathering which was expected to provide bullish news for the tropical oil.