Archived News

29/10/2013 (Hindu Business Line) - Edible oils prices ruled firm on Monday, tracking a rebound in Malaysian palm oil and sharp jump in domestic soya oil futures. Local stockists have again entered the market and bought about 2,500 tonnes of edible oils .

29/10/2013 (Reuters) - Groundnut deliveries in 35-kg bags, and prices in rupees per 20 kgs, in some of the main markets in the Saurashtra region of western state of Gujarat:

29/10/2013 (Bloomberg) - Palm oil fell for a third day after Malaysia, the second-largest producer, estimated its output would reach a record and the country’s currency rose to a four-month high, reducing the appeal of ringgit-denominated futures.

29/10/2013 (Bernama) - Malaysian manufacturers of palm oil products like margarine and soap as well as Malay restaurant operators have been urged to invest in Riau province.

28/10/2013 (Borneo Post) - Malaysian palm oil futures ended lower on Friday after weaker-than-expected export data increased concerns that demand for the tropical oil has begun to taper, while a stronger ringgit following the Malaysian budget announcement curbed buying interest.

28/10/2013 (Borneo Post) - The gold prices traded higher last week as market expects the tapering to delay in November. The US economy failed to pick up a faster pace after the federal government resumed.

28/10/2013 (The Star) - Malaysia is drawing up a new global standard for its palm oil to ensure quality and address concerns of non-government organisations (NGOs) about the industry.

28/10/2013 (WantChinaTimes) - Cooking oils labeled as peanut, olive or soybean oil in China reportedly contain a significant amount of cheap palm oil. Their producers continue to refuse to reveal the percentages of different oils in their products, claiming that it will reduce their profit margins, reports the Guangzhou-based 21st Century Business Herald.

28/10/2013 (Business Recorder) - The country's import of palm oil fell by dollars 124.564 million (29.4 percent) during the July-Sept period of current fiscal year, according to official figures.

28/10/2013 (Borneo Post) - Native customary rights (NCR) land spanning 12,498 hectares have been identified for an oil palm plantation project that will benefit villagers from 36 longhouses in the Kabah/Nanga Tada area in Kanowit.

28/10/2013 (Pakistan Observer) - The country’s import of palm oil fell by dollars 124.564 million (29.4 percent) during the July-September period of current fiscal year, according to official figures. The country’ import of palm oil declined to dollars 461.449 million during the July-September period of the last fiscal year from the commodity’s import of dollars 586.013 million in the same period last fiscal year, showing a fall of dollars 124.564 million (20.4 percent), says Pakistan Bureau of Statistics (PBS).

26/10/2013 (Reuters) - Malaysian palm oil futures ended lower on Friday after weaker-than-expected export data fanned concerns that demand for the tropical oil has begun to taper, while a stronger ringgit following the Malaysian budget announcement curbed buying.