Archived News

14/11/2013 (AgriMoney.com) - The palm oil rally faces a headwind from the prospect of slower Indian demand, Standard Chartered said, even as the vegetable oil saw its gains overshadowed by huge headway in palm kernel oil, a knock-on effect of the Philippines disaster.

14/11/2013 (The Star) - The Sarawak State Financial Secretary has emerged as a substantial shareholder in Sarawak Oil Palms Bhd with 29.81 million shares or 6.8%.

14/11/2013 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

14/11/2013 (Jakarta Globe) - Palm oil exports from Indonesia, the world’s biggest producer of the edible oil, will reach a higher-than-forecast 18.5-19 million tons this year despite output dropping below a previous target, an official of a top industry association said on Wednesday.

14/11/2013 (Jakarta Post) - Medan this week is hosting the 11th meeting of Roundtable on Sustainable Palm Oil (RSPO). The world is curious about the outcome of the event and the decisions to be made by over 600 delegates discussing the current affairs of oil palm growers and industries.

14/11/2013 (Reuters) - Palm oil prices <0#FCPO:> could climb as high as 2,800 ringgit ($872) per tonne in the next six months, leading industry analyst Dorab Mistry said on Thursday, but gains will hinge on output in top producer Indonesia and the success of its biodiesel mandate.

14/1/2013 (Bloomberg) - Palm oil swung between gains and losses on concern that prices near a 13-month high may curtail consumer demand even as lower production trims stockpiles.

13/11/2013 (Reuters) - Malaysian palm oil futures jumped in late trade on Tuesday on concerns that a super typhoon in the Philippines would tighten supplies of other vegetable oils and shift demand to palm oil-based substitutes, investors said.

13/11/2013 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO) has projected the global demand for sustainable palm oil to grow to nine million tonnes by 2015 from five million tonnes currently, said Secretary-General Darrel Webber.

13/11/2013 (Bernama) - Bursa Malaysia Derivatives Bhd and Dalian Commodity Exchange (DCE) have extended their eight-year collaboration for another three years.

13/11/2013 (Bernama) - Kuala Lumpur Kepong Bhd (KLK), which is in talks with London-listed Equatorial Palm Oil Plc (EPO), has received an extension from the UK Panel to decide on the proposed acquisition of EPO.

13/11/2013 (Bernama) - Malaysia's total trade for the January-September period increased 2.4 per cent to RM1 trillion from RM982.2 billion in the same period last year, said Malaysia External Development Corporation (Matrade) Chairman Datuk Noraini Ahmad.