Archived News

05/08/2013 (Motley Fool Singapore) - Golden Agri-Resources (SGX: E5H) just released its 2Q results on Friday evening after market close. The world’s second largest palm oil plantation company, Golden Agri-Resources (GAR in short), saw its top-line for the quarter increased by 25% from last year; however, net profits plunged 58% from US$108m to US$45m.

05/08/2013 (Borneo Post) - The US non-payroll rose 162,000 in July which was quite unexpectedly among market traders.

05/08/2013 (Jakarta Post) - Indonesia is bracing for a gloomy trade outlook until the end of this year as non oil and gas exports will likely remain stagnant due to weak demand from most of its key trading partners.

05/08/2013 (Business Recorder) - Three ships arrived at Port to load/offload containers at QICT, palm oil at LCT on 2nd August, 2013.

05/08/2013 (Hindu Business Line) - Edible oil prices strengthened up to Rs 200 per quintal in the wholesale oil and oilseeds market on Saturday on increased buying by vanaspati millers.

05/08/2013 (Jakarta Post) - Indonesia needs to change its growth strategy as the present engines of growth have ended because of global recession and slow growth in China and India.

03/08/2013 (Reuters) - Malaysian palm oil futures ended slightly lower on Friday, as traders booked profits ahead of the weekend, although losses were capped by an export jump in the second half of July that could keep a lid on stocks in the world's No.2 producer.

03/08/2013 (Bloomberg) - Palm oil climbed for a fourth day, poised for the biggest weekly gain since February, as a weaker ringgit increased prospects for exports from Malaysia, the world’s second-largest producer.

03/08/2013 (Reuters) - Malaysia\'s end-July palm oil stocks likely eased to their lowest in more than two years as demand for the tropical oil continued to outstrip production, a Reuters survey of five plantation companies showed on Friday.

03/08/2013 (Borneo Post) - The current weakening of the ringgit against the US dollar is said to be a boon for players in the plantation and timber sectors.

03/08/2013 (The Star) - Several non-governmental organisations have grouped together to form the Malaysian Palm Oil NGO coalition (MPONGOC) to engage more effectively with the major players in the palm oil industry.

03/08/2013 (Chemistry World) - German speciality chemicals firm Evonik has announced that it is producing bio-based ω-amino lauric acid at a pilot-scale plant in Slovakia. The material can be used to make polyamide 12 as an alternative to petroleum-derived laurin lactam.