Archived News

19/09/2013 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets Thursday.

19/09/2013 (THISDay) - Chairman of the Vegetable/Edible Oil Producers Association of Nigeria, Chief Okey Ikoro, spoke with Senator Iroegbu on how the sector, which should have been the best revenue generator for the country after crude oil, is gradually being killed by the federal government\'s policy of duty waivers, and activities of ECOWAS countries. Excerpts:

19/09/2013 (Bloomberg) - Palm oil dropped for the first time in four days on speculation that rain in the U.S. Midwest will halt deteriorating conditions of the soybean crop, boosting supplies of the oilseed crushed to make a substitute oil.

19/09/2013 (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.

19/09/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

18/09/2013 (Reuters) - Malaysian palm oil futures ended higher on Tuesday, recovering from a near one-month low hit earlier in the session, as overseas soy markets improved and strong exports in the first half of September lifted investor sentiment.

18/09/2013 (Bloomberg) - Palm oil gained for a third day on speculation that rising exports from Malaysia, the world’s second-biggest producer, may pare stockpiles.

18/09/2013 (Bloomberg) - Malaysia, the world’s second-largest producer, left the tax on exports of crude palm oil unchanged for an eighth month to encourage shipments and prevent a build-up in stockpiles during the peak output season.

18/09/2013 (Bernama) - Malaysia aims to increase its palm oil import market share in Russia from the current 14 per cent to 25 per cent in the near term as that country has been identified as a major consumer of oils and fats.

18/09/2013 (Bernama) - The Minister of Plantation Industries and Commodities, YB Dato Sri Douglas Uggah Embas will be leading a palm oil, timber and rubber promotion mission to Russia and The United Kingdom from 16 to 19 September 2013. The delegation comprises of representatives from the Ministry of Plantation Industries and Commodities, Malaysian Palm Oil Board (MPOB), Malaysian Palm Oil Council (MPOC), Malaysian Timber Council (MTC), Malaysian Timber Certification Council (MTCC) and the private sector.

18/09/2013 (Hindu Business Line) - Clear weather and increased arrivals of kharif crop along with initial weakness in the futures market pulled down edible oils prices on Tuesday. Groundnut and sunflower oil declined by Rs 10 and Rs 5 each. Rapeseed and cotton oil dip by Rs 2 each.

18/09/2013 (Bloomberg) - World supplies of rapeseed may climb to a record this season as production increases from Canada to the European Union, Oil World said.