Archived News

28/11/2013 (Nigerian Tribune) - To many people, all there is to palm oil is preparation of meals, shortenings, soap and margarine manufacture. In rural communities, palm oil comes handy in treating cough, boils and as an antidote to poisons. But the medicinal uses of palm oil are far more. Scientists in a new study indicated its usefulness in detoxifying the body of heavy metals such as lead and cadmium that hurt the body.

28/11/2013 (The Star) - Fitters Diversified Bhd’s net profit surged 111% to RM10.9mil in the third quarter ended Sept 30 from RM4.75mil a year earlier, boosted by an increase in contribution from its property development project and palm oil business.

28/11/2013 (Bernama) - Genting Plantations Bhd's pre-tax profit for the third quarter ended Sept 30, 2013 declined 61 per cent, year-on year, to RM43.975 million.

28/11/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

28/11/2013 (Hindu Business Line) - The north eastern states need to take up palm oil cultivation in a big way to reduce India's dependence on edible oil imports and to benefit the farmers in the region, the Agriculture Minister, Sharad Pawar said today.

27/11/2013 (Reuter) - Malaysian palm oil futures ended lower on Tuesday, extending losses into a second day on prospects of stronger-than-expected production in the world's second-largest grower.

27/11/2013 (Hindu Business Line) - Leading agri-commodity bourse NCDEX today re-launched crude palm oil (CPO) futures contract.

27/11/2013 (Reuters) - Indian oilseeds and soyoil futures eased on Tuesday on a stronger rupee, losses in overseas markets and concerns that exports of soymeal to Iran may drop following a deal between Tehran and six world powers to curb the Islamic Republic's nuclear programme.

27/11/2013 (Platts) - The European Biodiesel Board, a major group of biodiesel producers, hailed on Tuesday a decision by the European Commission to slap definitive antidumping duties against what it called "unfair imports" of soybean- and palm oil-based biofuels from Argentina and Indonesia.

27/11/2013 (Indonesia Investments) -Indonesia's biodiesel consumption has risen considerably during the last three months after the Indonesian government raised the mandatory amount of palm oil (fatty acid methyl ester) blended in biodiesel from 7.5 percent to 10 percent. For power plants that use biodiesel the amount has been increased to 20 percent. Biodiesel consumption in Southeast Asia's largest economy jumped from 57,871 kiloliters in August 2013 to 101,857 kiloliters in September and to 116,281 kiloliters in October.

28/11/2013 (Bernama) - Keck Seng (Malaysia) Bhd posted a higher pre-tax profit of RM48.77 million in the third quarter ending Sept 30, 2013, from RM17.43 million in the same period last year.

27/11/2013 (Business Recorder) - Tuesday's Rotterdam vegetable oil prices at 1700 GMT.