Archived News
12-09-2013
New Crop Arrivals May Cool Down Edible Oils Further
12/09/2013 (Hindu Business Line) - Strong domestic currency, weak Malaysian palm oil futures and fear of early arrivals of new crops pulled down select edible oils prices by Rs 10 for 10 kg on Wednesday.
12-09-2013
CPO Plantations to Face Lower Demand From China, India
12/09/2013 (The Star) - Fitch Ratings has warned that crude palm oil (CPO) plantation companies in Asia could face slower demand from its two largest import markets, China and India.
12-09-2013
Asia Pacific CPO Plantation Companies Face Potential Slowdown: Fitch
12/09/2013 (Jakarta Post) - Fitch Ratings said crude palm oil (CPO) plantation companies in Asia are facing potentially slower demand from the two largest import markets, China and India, with performance over the next 12 to 18 months likely to be subject to the worst of the decline.
12-09-2013
Palm Drops to Three-Week Low as Stronger Ringgit Weakens Demand
12/09/2013 (Bloomberg) - Palm oil fell to a three-week low as a rally in the Malaysian currency lowered the appeal of ringgit-denominated futures and speculation increased that rising production may expand stockpiles.
12-09-2013
RM2,500 Price Lid on CPO Futures Expected
12/09/2013 (The Star) - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to be capped below the RM2,500-per-tonne mark, as prices continue to be dragged down by high domestic palm oil inventories and production trends in the coming months.
12-09-2013
Rotterdam vegetable Oil Prices
12/09/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.
12-09-2013
CBIP Unit Secures RM50.3m Mill Contract From TDM
12/09/2013 (The Star) - CB Industrial Product Holding Bhd (CBIP) has secured a RM50.30mil contract from TDM Bhd's subsidiary to construct a palm oil mill in Indonesia.
11-09-2013
VEGOILS-Palm Oil Falls To Two-week Low, Tracks Soy Losses
11/09/2013 (Reuters) - Malaysian palm oil futures fell to their lowest in more than two weeks on Tuesday, tracking losses in the U.S. soy market ahead of the next U.S. Department of Agriculture production forecast.
11-09-2013
Malaysian Palm Oil Output Gains to Highest Since December
11/09/2013 (Bloomberg) - Palm oil production in Malaysia gained for a sixth month in August, while stockpiles in the world’s second-largest producer missed analysts’ expectations, staying near a two-year low, official data showed.
11-09-2013
Malaysian CPO Production For August Up 3.61 Per Cent To 1.73 Million Tonnes
11/09/2013 (Bernama) - Malaysia's crude palm oil (CPO) production in August increased by 3.61 per cent to 1.735 million tonnes from 1.674 million tonnes in July, said the Malaysian Palm Oil Board (MPOB).
11-09-2013
Palm Oil Export Barriers To Be Addressed At Next TPP Meeting: MITI Sec-Gen
11/09/2013 (Bernama) - The barriers to palm oil exports are expected to be among the key points to be addressed by the Ministry of International Trade and Industry (MITI) at the next Trans-Pacific Partnership (TPP) Agreement meeting.
11-09-2013
Slack Response To Resale of Edible Oils At Lower Rates
11/09/2013 (Hindu Business Line) - The edible oils market witnessed a bearish trend on Tuesday, tracking weak futures market and slack physical demand. Malaysian palm oil futures fell to the lowest in more than two weeks, tracking losses in the US soya market. The volumes remained thin as stockists kept away from fresh bets.