Archived News

14/08/2013 (Reuters) - Malaysian palm oil futures hit a one-month high on Tuesday after the U.S. government made deeper-than-expected cuts to its forecasts for soybean yields and stocks, while strong exports of the tropical oil also helped prop up prices.

14/08/2013 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

14/08/2013 (Borneo Post) - In its latest World Agricultural Supply and Demand Estimates (WASDE) report, the US Department of Agriculture (USDA) unexpectedly cuts its US soybean production estimate by five per cent to 88.60 million metric tonnes (mmt) or three per cent below the consensus forecast of 91.36mmt mainly on lower harvested area and yield estimates.

14/08/2013 (The Star) - Unico-Desa Plantations Bhd’s earnings fell 96.8% to RM348,000 in the first quarter ended June 30, 2013 from RM10.89mil a year ago due to lower crude palm oil (CPO) and palm kernel (PK) selling prices.

14/08/2013 (Business in Cameroon) - A group of universities and NGOs, in a joint report say the proposed oil palm plantation in the South-West threatens the survival of some species in this region of Cameroon, according to the French language daily, Le Messager of Monday August 12.

14/08/2013 (Bloomberg) - Palm swung between gains and losses as investors awaited release of data, which may show Malaysia boosted production as the country’s currency weakened, making the tropical oil cheaper for importers.

14/08/2013 (Bloomberg) - The following table shows Malaysia’s palm oil production, stocks, exports and imports for July according to the Malaysian Palm Oil Board.

14/08/2013 (Bernama) - The expected higher import duty to be imposed by India for refined bleached deodorised (RBD) palmolein will be a positive catalyst for crude palm oil (CPO) prices and Malaysian export demand, says Alliance Research.

14/08/2013 (Reuters) - Rajkot Oilseed Complex Open- Augut 13

14/08/2013 (Bloomberg) - Global production of sunflower seeds, the European Union’s most common source of food oil, will be a record in 2013-14 led by higher than anticipated output in the EU, Oil World said.

14/08/2013 (Business Times) - FELDA Global Ventures Holdings Bhd (FGV) is scouting for oil palm land in the Asean region, Cameroon and Nigeria.

14/08/2013 (The Sun Daily) - Maybank Investment Bank Bhd (Maybank IB) expects the upcoming results season to be a lack luster one for upstream plantation stocks as lower sales volume and higher plantation costs weigh in on earnings.