Archived News
24-06-2013
Weekly Crude Palm Oil Report – June 23, 2013
23/06/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives were choppy this week, supported by strong performance in exports and the weakening ringgit, pressured down later in the week by broad based selling in the global equities and commodities.
24-06-2013
Commodity Weekly Report – 23 June 2013
24/06/2013 (Borneo Post) - Both gold and crude prices suffered sharp fall after the remarks from Bernanke on tapering stimulus. Last Thursday, the Federal Open Market Committee (FOMC) statement following a two-day meeting, stated that the policymakers are looking to unwind the stimulus support sometime in 2014 if economy gets onto recovery track.
22-06-2013
VEGOILS-Palm Oil Eases To One-week Low; Ramadan Demand Caps Losses
22/06/2013 (Reuters) - Malaysian palm oil futures fell to a one-week low on Friday, tracking a selloff in global markets, although rising demand and a weak ringgit provided support and capped losses.
22-06-2013
DJ China May Palm Oil Imports 474,218 Tons, Up 28% on Year
22/06/2013 (MENAFN.COM) - China\'s May palm oil imports rose 28% from a year earlier to 474,218 metric tons, the General Administration of Customs said Friday.
22-06-2013
Palm Drops to Week Low on Declining Rupee, China’s Cash Crunch
22/06/2013 (Bloomberg) - Palm oil fell to the lowest level in a week on concerns that a weakening Indian currency and slowing growth in China will curb imports by the biggest buyers of the commodity used in everything from noodles to biofuel.
22-06-2013
Firat International To Distribute 100,000 Kg Of Malaysian Palm-based Cooking Oil Per Month
22/06/2013 (Bernama) - Firat International Trade Co Ltd, the main distributor of palm oil in Xianjiang, China, expects to distribute 100,000 kilogrammes of Malaysian palm-based cooking oil per month in the province.
22-06-2013
African Palm Oil Makers Hit Back At \'Smear Campaign\'
22/06/2013 (MENAFN.COM) - African palm oil producers are hitting back at what they say is a "smear campaign" against them by environmentalists and health activists that risks ruining their industry.
22-06-2013
Global Palm Oil Planter To Invest $1.6Bn in Sierra Leone Deal
22/06/2013 (Africa Review) - Major palm oil grower Golden Veroleum plans to invest up to $1.6 billion in Sierra Leone in what promises to be the second largest investment in the industry here.
22-06-2013
Lahad Datu Oil Palm Biomass Pact Seen To Draw 12 To 15 Companies
22/06/2013 (The Star) - Agensi Inovasi Malaysia (AIM) is expecting at least 12 to 15 companies to participate in the recently signed oil palm biomass joint-venture (JV) cluster in Lahad Datu, Sabah, by the end of this year.
22-06-2013
Mustard Oil Extends Gains on Weak Arrivals
22/06/2013 (Hindu Business Line) - Mustard-rapeseed oil extended gain by Rs 4 and palmolein declined by Rs 5 for 10 kg on Friday.
21-06-2013
VEGOILS-Palm Eases From Near 3-mth High; Weak Ringgit Caps Losses
21/06/2013 (Reuters) - Malaysian palm oil futures ended lower on Thursday, as global economic uncertainty spooked investors, although losses were limited by robust export data and a weaker local currency that sent prices to a near three-month high in the morning session.
21-06-2013
Malaysia\'s Palm Oil Export Earnings To Record RM73 Billion This Year
21/06/2013 (Bernama) - Malaysia's palm oil export earnings is expected to record an increase to RM73 billion this year against the RM71.3 billion posted in 2012.