Archived News

26/08/2013 (fnbnews.com) - Falling prices of edible oil in the global markets are likely to soften impact of depreciating rupee on edible oil prices in the country. RBD Palmolein, crude palm oil, soybean oil and sunflower oil are imported by India to meet growing consumption of edible oils.

26/08/2013 (Bloomberg) - Palm oil advanced by the most in eight months on concern that the soybean crop in the U.S., the largest grower of the oilseed that’s crushed to make an alternative oil, may be smaller-than-forecast on dry weather.

24/08/2013 (Reuters) - Malaysian palm oil futures rose to their highest in more than a month on Friday on growers' estimates showing output fell in August, raising hopes that stocks in the world's No.2 producer will tighten.

24/08/2013 (IngredientsNetwork.com) - As part of its ongoing commitment to sustainability, Blommer Chocolate Company, who claim to be the largest cocoa processor and ingredient chocolate supplier in North America, has announced that following certification from the Roundtable on Sustainable Palm Oil (RSPO), it will be the first cocoa producer to offer 100 percent RSPO-certified, mass balance palm oil in the U.S., with certified products becoming available to customers this fall.

24/08/2013 (odishatoday.com) - Promising to promote oil palm cultivation in Odisha through partnership with farmers, leading FMCG player Ruchi Soya today said it plans to set up a processing plant in the state at a cost of Rs 30 crore.

24/08/2013 (Baking Business) - The partial hydrogenation of oils mostly may be in the past, but exhibitors at the Institute of Food Technologists’ annual meeting and food exposition still brought up the term July 13-16 in Chicago.

24/08/2013 (Borneo Post) - The commodities market in Malaysia has always played a pivotal role in the economic development of the country.

24/08/2013 (The Star) - Sarawak Plantation Bhd's earnings tumbled 91.7% to only RM1.33mil in the second quarter ended June 30, 2013 from RM16.17mil a year ago due to lower realised average selling prices and sales volumes of crude palm oil prices (CPO) and palm kernel (PK).

24/08/2013 (Business Recorder) - The Karachi Port handled 94,559 tonnes of cargo comprising 77,008 tonnes of import cargo and 17,551 tonnes of export cargo including 3,323 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 77,008 tonnes comprised 33,640 tonnes of containerised cargo and 43,368 tonnes of oil/liquid cargo.

24/08/2013 (The Star) - It is now becoming increasingly clear that Kulim (M) Bhd’s launch of the partial general offer for New Britain Palm Oil Ltd’s (NBPOL) shares is one that could have been better thought through.

24/08/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange ended higher on Friday on expectations output will fall in August. This raised hopes that stocks in Malaysia could further tighten. Production had surged 18.2 per cent in July, pushing stocks higher. It was expected to continue climbing due to the higher yield cycles around this time of the year. The Malaysian Palm Oil Board will issue official data on August stocks, output and exports on September 10. However, Malaysian palm could face pressure going forward after top producer Indonesia said it would cut its crude palm oil export tax to 9 per cent for September from 10.5 per cent in August. Sentiment also got a boost from a weakening ringgit after poor Malaysian economic data weakened the ringgit and a surprise surge in China's manufacturing sector fuelled demand hopes from the world's No. 2 palm oil buyer.

23/08/2013 (Reuters) - Palm oil futures rose to their highest level in more than a month on Thursday after poor Malaysian economic data weakened the ringgit and a surprise surge in China's manufacturing sector fuelled demand hopes from the world's No.2 palm oil buyer.