Archived News

26/10/2013 (Reuters) - Malaysia is set to impose a requirement for biodiesel to use 7 percent palmoil, up from 5 percent now, as a way of whittling down palmoil stocks and cushioning prices in the face of growing competition from other edible oils.

26/10/2013 (Bloomberg) - Palm oil retreated the most in four weeks as a report on shipments from Malaysia, the world’s second-largest producer, signaled declining demand and as crude oil headed for the biggest weekly loss since June.

26/10/2013 (Bernama) - Alerting Malaysians to be vigilant in the face of global political and economic uncertainties, Datuk Seri Najib Tun Razak Friday unveiled the Budget for next year that aims to strengthen economic resilience, accelerate transformation and fulfill promises.

26/10/2013 (Bernama) - Private investment is expected to increase further to RM189 billion or 17.9 per cent of gross domestic product (GDP) next year, particularly in oil and gas, textile industry, transport equipment and real estate development, Prime Minister Datuk Seri Najib Tun Razak said.

26/10/2013 (Bernama) - The government has allocated RM6 billion to implement agricultural programmes with highly-added and commercial values.

26/10/2013 (Bernama) - Production of palm oil, fishing and an American company's investment in lobster farming have resumed in Lahad Datu after the Eastern Sabah Security Command (ESSCOM) was established to strengthen land and maritime security in the eastern part of Sabah.

26/10/2013 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1600 GMT.

26/10/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives ended lower on Friday, after weaker-than-expected export data fanned concerns that demand for the crude palm oil (CPO) has begun to taper. Cargo surveyor Intertek Testing Services said that shipments of Malaysian palm oil fell 0.6 per cent to 12,31,393 tonnes during October 1-25, as a lull in exports to India offset a slight increase to China and Europe.

25/10/2013 (Reuters) - Malaysian palm oil futures ended lower on Thursday, snapping four days of gains as investors booked profits from prices that hit near two-month highs in the previous session.

25/10/2013 (Hindu Business Line) - Edible oils – both spot and futures – witnessed a firm trend on Thursday. However, the surge in the spot market was marginal on slack demand and in the futures, the volatility was higher due to aggressive buying.

25/10/2013 (Bloomberg) - Palm oil declined the most in four weeks after a rally to a seven-month high spurred some investors to lock in gains.

25/10/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.