Archived News

21/09/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange edged lower on Friday, as the ringgit continued to appreciate to a three-month high following the US Federal Reserve's surprise decision to postpone any reduction in its bond-buying programme. Market participants liquidated positions ahead of vegoil forecasts by leading analysts in Mumbai over the weekend.

20/09/2013 (Reuters) - Malaysian palm oil futures fell on Thursday after the ringgit jumped to a three-month high following the U.S. Federal Reserve's surprise decision to postpone any reduction in its bond-buying programme, eating into profits for overseas buyers.

20/09/2013 (Hindu Business line) - Strong domestic currency and weak foreign markets pulled down edible oils prices on Thursday.

20/09/2013 (Biofuels International) - It has been reported Malaysia, the world’s second largest palm oil producer, is to launch its own certification standard for next year.

20/09/2013 (SBWIRE) - From the drought stricken corn fields in Kansas to the looming threat of coastal communities in New Jersey, California and Florida being drowned by rising sea levels, Americans are protesting what they see as carbon emissions that are being added to the atmosphere unnecessarily.

20/09/2013 (Bloomberg) - Palm oil shipments from Indonesia, the world’s largest producer, dropped for a third straight month in August to the lowest level since October 2012 as higher supplies of substitute cooking oils reduced demand.

20/09/2013 (Bloomberg) - Palm oil traded near a one-month low after the U.S. Federal Reserve unexpectedly refrained from cutting stimulus, spurring a rally in the Malaysian currency that lowered the appeal of ringgit-denominated futures.

20/09/2013 (Bloomberg) - Palm imports by India, the largest buyer, will probably climb to a record next year as domestic oilseed harvests trail consumption and a growing population boosts demand for the oil used in noodles and candies.

20/09/2013 (Agrimoney.com) - A whiff of "risk on" trading has returned to markets.

20/09/2013 (Business Recorder) - The Karachi Port handled 150,269 tonnes of cargo comprising 132,001 tonnes of import cargo and 18,268 tonnes of export cargo including 6,352 loaded and empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 132,001 tonnes comprised 54,354 tonnes of containerised cargo; 36,927 tonnes of bulk cargo: 22,151 tonnes of coal; 6,573 tonnes of DAP; 5,251 tonnes of rape seed; 1,303 tonnes of palm kernel expeller; 1,649 tonnes of soyabean meal and 40,720 tonnes of oil/liquid cargo.

20/09/2013 (Jakarta Post) - The palm oil industry can play a greater role in development by generating clean, cheap and reliable energy supply from its palm oil mill effluent (POME).

19/09/2013 (Reuters) - Malaysian palm oil slid 1.4 percent on Wednesday, hovering near one-month lows as prospects of swelling global edible oil supplies and weakness in crude oil futures weighed on the market.