Archived News

16/08/2013 (Bloomberg) - Palm oil shipments from Indonesia, the biggest producer, were probably little changed last month from the two-month low in June as higher local prices lured importers to cheaper supplies from Malaysia. Futures rose.

16/08/2013 (Bernama) - Kenanga Research has maintained a "neutral" call on the plantation sector, while leaving its current calendar year 2013-2014 average crude palm oil (CPO) price forecast of between RM2,500-RM2,700 per metric tonne, unchanged.

16/08/2013 (Bernama) - The Sarawak Land Consolidation and Rehabilitation Authority (Salcra) has identified 22 new areas, involving 61,000 hectares throughout the state for the setting up of oil palm estates, Deputy Chief Minister Tan Sri Alfred Jabu said today.

16/08/2013 (The Star) - AmResearch remains positive on Malaysia’s plantation sector for now and it has Buy recommendations on Genting Plantations, IJM Plantations, TSH Resources and KL Kepong.

16/08/2013 (Borneo Post) - Malaysia’s crude palm oil (CPO) saw its stockpile rise despite a surge in production, spurred by robust biodiesel factors as well as an increase in palm oil consumption.

16/08/2013 (Daily Times) - Pakistan can save over $2 billion annually by encouraging domestic edible oil sector, an expert on extraction of edible oils said on Thursday.

16/08/2013 (The Star) - Affin Research is maintaining its “Reduce” rating of Kuala Lumpur Kepong Bhd with a target price of RM19.46 on its good management and operational strength, despite the still weak crude palm oil average selling price (CPO ASP).

16/08/2013 (Jakarta Post) - As the preferential trade agreement (PTA) with Pakistan is expected to take effect in the next few weeks, Indonesia hopes to see its annual palm oil export to the South Asian country double in the upcoming years.

16/08/2013 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

16/08/2013 (AllAfrica.com) - Information gathered from District #4 in Grand Bassa County has revealed that Equatorial Palm Oil (EPO), one of several concession companies in the county is about to pull out.

16/08/2013 (Bernama) - The Sarawak government is prepared to listen to the views of the local palm oil industry following a recent call by the Sarawak Oil Palm Plantation Owners Association (SOPPOA) for a review of the sales tax structure, said Deputy Chief Minister Tan Sri Alfred Jabu.

15/08/2013 (Reuters) - Malaysian palm oil futures fell on Wednesday as end-stocks rose for the first time this year, although losses were trimmed by resilient demand and forecasts for lower soybean yields.