Archived News

29/11/2013 (Bloomberg) - Palm oil rallied to the highest level in 14 months on expectations that increasing biodiesel usage in Indonesia may trim stockpiles in the world’s largest producer amid a fall in output.

29/11/2013 (The Star) - Crude palm oil (CPO) for third month delivery held above the RM2,630 level late Thursday, after production in Indonesia was seen falling for the first time in 15 years.

28/11/2013 (ANTARA News) - The government completely supports the development of the palm oil industry in the country, Secretary General of the Indonesian Palm Oil Association (GAPKI) Joko Supriyono said.

28/11/2013 (ANTARA News) - President Susilo Bambang Yudhoyono will officially open the ninth Indonesian Palm Oil Conference (IPOC) in Bandung, West Java, on November 28, 2013.

28/11/2013 (The Star) - Felda Global Ventures Holdings Bhd’s (FGVH) net profit slumped 88% to RM22.8mil in the third quarter ended Sept 30, from RM207.7mil previously, impacted by lower crude palm oil prices (CPO) and fair value changes in its land lease agreement liability.

28/11/2013 (Reuters) - Malaysian palm oil futures ended higher on Wednesday as a weaker ringgit currency attracted bargain hunters, but trade was thin as most traders avoided risky bets ahead of an industry meet in Indonesia later this week.

28/11/2013 (Bloomberg) - Palm oil climbed for the first time in four days after the Malaysian currency weakened to an eight-week low against the U.S. dollar, boosting the appeal of ringgit-denominated futures.

28/11/2013 (Borneo Post) - FELCRA Bhd Sarawak has developed 129 oil palm projects covering 48,488 hectares of land, spreading all over the state.

28/11/2013 (Bernama) - The Sarawak government has approved an allocation of RM41.4 million for the state Agriculture Department next year to implement on-going projects under the Tenth Malaysia Plan's crop, livestock, aquaculture and development support programmes.

28/11/2013 (Bernama) - Felda Global Ventures Holdings Bhd's (FGV) pre-tax profit for the nine months ended Sept 30, 2013, slipped to RM807.15 million from RM895.01 recorded in the same period last year.

28/11/2013 (4-Traders) - 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.

28/11/2013 (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.