Archived News

07/08/2013 (Bernama) - Malaysia's export performance in June was still broadly in line with the regional countries', which showed mixed performances, said Hong Leong Investment Bank (HLIB) in its Economic Update note today.

07/08/2013 (4-Traders) - Wilmar International Ltd. (F34.SG, WLMIY) Tuesday reported an 86.5% on-year rise in its second-quarter net profit on gains by most business segments and a lower base of comparison, as results were depressed last year by foreign exchange losses and loss on investments.

07/08/2013 (Moodys.com) - Moody's Investors Service says that Golden Agri Resources Ltd's (GAR) results for the first six months of 2013 have been adversely impacted by weaker palm oil prices, but remain within the parameters of its Ba2, stable rating. The results show revenue up by 8.8% in H1 2013 compared with H1 2012, while the year on year improvement in Q2 2013 was even greater at 25.4%. Nevertheless, reported EBITDA was 22.5% lower in H1 2013 and fell away by 30.1% in Q2 2013, year on year.

07/08/2013 (Reuters) - Singapore-listed palm oil firm Wilmar International Ltd's net profit jumped 86.5 percent in the second quarter from a year ago, helped by its palm and laurics as well as consumer products segments.

07/08/2013 (Leadership Newspapers) - The oil palm industry is a very significant sector of the Nigerian economy and has existed for a very long time. In the 1960s, Nigeria was the leading producer and exporter of palm oil, accounting for 27 percent of the global market.

07/08/2013 (Hindu Business Line) - Palmolein and rapeseed oil rose by Rs 5 and Rs 7 for 10 kg each on Tuesday.

07/08/2013 (Agrimoney.com) - Wilmar International unveiled profits below market expectations, and New Britain Palm Oil a slump in forward palm oil sales highlighting the grapple that corporates are having with weak prices of the vegetable oil.

07/08/2013 (Jakarta Post) - Exports for crops like crude palm oil (CPO) and rubber will likely rebound in the second half of the year after dwindling exports due to the ailing global market, while coffee will remain low.

07/08/2013 (The Nation) - A team of some 2,000 police, Army and security volunteers rounded up about 200 demonstrators who had occupied a privately run oil-palm plantation in Surat Thani's Khian Sa district yesterday morning, but seven protest leaders managed to escape and are now wanted by police.

07/08/2013 (Upside Down World) - From 6th-8th August, the Roundtable on Sustainable Palm Oil (RSPO) is holding its 4th Latin American Conference on so-called sustainable palm oil in Honduras [1]. (Conference website: http://rspo2013.com/). Environmental and social campaigners have been shocked to learn that one event sponsor is the palm oil company Dinant Corporation, owned and controlled by Miguel Facusse, the largest landowner in Honduras. They are calling on World Wildlife Fund WWF and three other organisations to withdraw from and denounce the conference being held in Honduras due to the Dinant’s sponsorship of the event and the serious human rights implications [2].

07/08/2013 (Deccan Herald) - More than 600 litres of palm oil leaked from an underground pipeline near the Baitakhol port here on Tuesday. It mixed with rainwater and entered the sea.

06/08/2013 (Reuters) - Malaysian palm oil futures slipped on Monday ahead of the Eid al-Fitr holidays later in the week, although prospects for tighter supplies curbed losses.