Archived News

05/10/2013 (Bloomberg) - Palm oil advanced for the first time in three days on speculation that rain in the U.S. may delay harvesting of soybeans crushed to make a substitute.

05/10/2013 (Hindu Business Line) - The Government proposes to spend Rs 3,507 crore during the 12th Five Year Plan to boost oilseeds output and bring additional area of 1.25 lakh hectares under oil palm.

05/10/2013 (Daily Express) - The Palm Oil Industrial Cluster (POIC) Lahad Datu has received encouraging response from local and international investors since its inception, and total investment to date has reached a whopping RM4.5 billion.

05/10/2013 (Jakarta Globe) - As Indonesia hosts the Asia-Pacific Economic Cooperation summit in Bali, the government as well as business leaders are likely to push forward their agendas on priority issues ranging from agricultural commodities and public works projects to shrimp exports, in a bid to make trade work more to their advantage.

04/10/2013 (Reuters) - Malaysian palm oil futures ended lower for a second session on Thursday as the U.S.government shutdown buoyed the ringgit currency, curbing demand from overseas buyers.

04/10/2013 (Daily Times) - Pakistan and Malaysia have vast potential for collaboration in the field of agriculture and livestock.

04/10/2013 (Economic Times) - The government today approved implementation of the National Mission on Oilseeds and Oil Palm (NMOOP) during the 12th Plan Period and has allocated Rs 3,507 crore for the purpose.

04/10/2013 (Bernama) - Malaysian Palm Oil Board (MPOB) has appointed Datuk Ar Wan Mohammad Khair-il Anuar Wan Ahmad as its chairman, effective Sept 11, succeeding Tan Sri Shahrir Abdul Samad.

04/10/2013 (Bloomberg) - Palm oil dropped for a second day to a one-week low on speculation that increasing output from Malaysia, the second-largest producer, will add to stockpiles and as a decline in crude oil prices cut its appeal as biofuel.

04/10/2013 (Bloomberg) - Okomu Oil Palm Plc (OKOMUOIL), a Nigerian processor of the commodity, fell to the lowest since June 25 as global prices retreated, prompting concern that the company’s earnings will drop, according to Asset & Resource Management Co.

04/10/2013 (Business Recorder) - The Karachi Port handled 124,433 tonnes of cargo comprising 88,617 tonnes of import cargo and 35,816 tonnes of export cargo including 3,821 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 88,617 tonnes comprised 19,850 tonnes of containerised cargo; 318 tonnes of general cargo; 38,982 tonnes of bulk cargo: 31,993 tonnes of coal; 2,971 tonnes of DAP; 4,018 tonnes of wheat and 29,467 tonnes of oil/liquid cargo.

04/10/2013 (The Sun) - IOI Corp Bhd group executive director Datuk Lee Yeow Chor, who is the eldest son of the plantation group's executive chairman and CEO Tan Sri Lee Shin Cheng, has taken over the helm of Unico-Desa Plantations Bhd.