Archived News

20/11/2013 (Bloomberg) - Palm oil declined for a third day to the lowest level in more than a week as global production of soybeans and sunflower seeds may climb to a record, boosting cooking oil supplies.

19/11/2013 (Bloomberg) - Palm oil shipments from Indonesia, the world’s largest producer, climbed to the highest level in eight months in October as a decline in supplies of substitute oils in India and China spurred demand from the biggest buyers.

19/11/2013 (Reuters) - Malaysian palm oil futures ended lower on Monday as traders booked profits after strong gains last week, but the prospect of seasonally weaker output in the world's top producers, Indonesia and Malaysia, buoyed prices.

19/11/2013 (Bernama) - Oil palm biomass production is to increase to 100 million tonnes a year by 2020.

19/11/2013 (New Straits Times) - Palm oil is, without doubt, an integral part of our lives. You may not even be aware of its presence. When you brush your teeth, the toothpaste you use may contain palm oil. Then you sit down to breakfast. You may add non-dairy creamer to your cup of coffee. That’s definitely made with palm oil. Then you spread margarine on a slice of bread and fry an egg. Both margarine and oil are palm oil–based.

19/11/2013 (Bernama) - Deputy Prime Minister Tan Sri Muhyiddin Yassin hopes the on-going free talks between Malaysia and the European Union (EU) on negative perceptions surrounding palm oil will result in a more permanent solution.

19/11/2013 (Bernama) - Palm oil industry players should consider reinvesting in downstream activities that can add value to the local palm oil sector, Deputy Prime Minister Tan Sri Muhyiddin Yassin said Tuesday.

19/11/2013 (Bernama) - HwangDBS Vickers Research expects IOI Corp Bhd's share price to strengthen over the next 12 months on a near-term rebound in crude palm oil (CPO) prices and a pick-up in demand from China and India.

19/11/2013 (Bernama) - Roundtable on Sustainable Palm Oil (RSPO) said global production of certified sustainable palm oil is poised to more than double next year from the current output of nine million tonnes.

19/11/2013 (Bloomberg) - Palm oil retreated for a second day on concern that exports from Malaysia, the world’s second-largest producer, may decline as a rally in the ringgit and weakening crude oil prices curb demand.

18/11/2013 (Borneo Post) - Palm oil prices have risen four per cent this week as data from India and Malaysia showed improving demand. Meanwhile, a possible shortage of coconut oil from the Philippines due to Typhoon Haiyan lifted prices of palm-based substitutes.

18/11/2013 (Borneo Post) - The current vice chairman of US Federal Reserve Janet Yellen assured that the market will continue its stimulus until robust growth returns to the economy. On Friday, Dow Jones Average Index (DJIA) created new high by surpassing 15,900 benchmarks as 10-year bond yield declined. The US budget deficit narrowed while weekly jobless claims dropped moderately. Crude inventories increased steadily and stayed suppressed on the market prices amid lower demands.