Archived News

20/07/2013 (Reuters) - Malaysian palm oil futures fell 1.5 percent on Friday, its third weekly drop in four, as worries persisted over slowing export demand and higher output in the second half.

20/07/2013 (Bernama) - Felda Global Ventures' (FGV) proposed acquisition of the Sabah plantation company, Pontian United Plantations' shares for RM1.21 billion, has received mixed response from research houses in the country.

20/07/2013 (Bernama) - RHB Research expects the plantation sector to be stronger next year, with average crude palm oil (CPO) price to be better at RM2,600 per tonne on higher demand against the backdrop of an improved global economy.

20/07/2013 (Bernama) - The Association of Plantation Investors of Malaysia in Indonesia (APIMI) has called for the fire and haze issue in Indonesia to be dealt with composure, in sustainable engagement and on a responsive basis.

20/07/2013 (Mongabay.com) Infinite Earth, the developer behind Indonesia's first approved REDD+ project, has refuted an NGO's claims that the project has been only partially approved by the Indonesian government.

20/07/2013 (Jakarta Post) - Two major crude palm oil (CPO) producers have reported significant increases in their sales volumes in the first half of this year despite a decline in the commodity’s price.

20/07/2013 (Bloomberg) - Palm oil fell on speculation that the beginning of the high-output cycle in Malaysia may lead to a build-up of stockpiles in the world’s second-largest producer.

20/07/2013 (Business Recorder) - The Karachi Port handled 96,594 tonnes of cargo comprising 83,415 tonnes of import cargo and 13,179 tonnes of export cargo including 1,646 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 83,415 tonnes comprised 10,651 tonnes of containerised cargo; 4,543 tonnes of general cargo; 35,873 tonnes of bulk cargo: 31,950 tonnes of coal; 3,923 tonnes of scrap and 32,348 tonnes of oil/liquid cargo.

20/07/2013 (Reuters) - Malaysian plantation firm Felda Global Ventures Holdings Bhd has offered to pay 1.21 billion ringgit ($378.84 million)for an un-listed planter, as it seeks to boost land assets and palm oil output after its listing last year.

19/07/2013 (Reuters) - Malaysian palm oil futures edged higher on Thursday after a price slump this week to seven-month lows attracted buyers, but gains were capped by lingering concerns over weak demand and rising output.

19/07/2013 (Bernama) - An online quiz conducted worldwide by Roundtable on Sustainable Palm Oil (RSPO) showed that more than half of the products used and consumed by respondents on a daily basis contained palm oil.

19/07/2013 (Hindu Business Line) - Edible oils market witnessed a mixed trend on Thursday, tracking excellent progress in sowing of kharif crops and expectation of pressure on Malaysian palm oil futures as peak production season is fast approaching, said traders.