Archived News

13/11/2013 (Bernama) - The Ministry of Plantation Industries and Commodities has denied the presence of recycled oil in palm oil for cooking which was sold in the market.

13/11/2013 (Hindu Business Line) - There was some euphoria in the palm oil market recently when prices breached Malaysia ringgit (MYR) 2,600 a tonne for crude palm oil as wet weather triggered production concerns. But the rally was short-lived given the current and emerging market fundamentals. CPO prices have already declined to MYR 2,500 levels and are facing further downward pressure.

13/11/2013 (Hindu Business Line) - A sharp jump in Malaysian palm oil futures and extended weakness in domestic currency pushed up edible oils prices on Tuesday.

13/11/2013 (Bloomberg) - Palm oil inventories in Indonesia, the world’s largest supplier, probably declined in October to the lowest level in 16 months as rain disrupted production and exports gained, boosting the outlook for prices.

13/11/2013 (Bloomberg) - Palm oil fluctuated on speculation that falling exports from Malaysia, the world’s second-largest producer, may boost inventories even as output starts to taper.

13/11/2013 (Bloomberg) - Palm oil advanced for a third day to the highest level in more than a week on speculation that demand for the tropical oil as feedstock will increase as Indonesia accelerates its biodiesel program.

13/11/2013 (Reuters) - U.S. soybean futures turned around to trade at a two-week high on Tuesday following a jump in palm oil futures, while corn also hit a two-week high, supported by end-users after the U.S. government forecast stocks below trade expectations.

13/11/2013 (Jakarta Post) - Vice Minister of Trade Bayu Krishnamurti on Tuesday lambasted at environmental NGOs and other civil society organizations for what he considered their ridiculous accusations which often linked oil palm expansion in Indonesia with deforestation and destruction of wildlife, biodiversity and orang utans.

13/11/2013 (Borneo Post) - Figures for October 2013 in the plantation sectors continue to support further strengthening of crude palm oil (CPO) prices, highlights analysts at RHB Research Institute Sdn Bhd (RHB Research).

13/11/2013 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday

12/11/2013 (Reuters) - Malaysian palm oil futures ended higher on Monday, snapping four straight days of losses after an industry report signalled tighter supplies of the tropical oil in coming months, although weak exports kept a lid on gains.

12/11/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.