Archived News

13/08/2013 (Bloomberg) - Palm oil imports by India, the world’s largest buyer, probably declined for the first time in three months as the local currency dropped to a record, prompting importers to scale back purchases.

13/08/2013 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.

13/08/2013 (Reuters) - - Exports of Malaysian palm oil products for Aug. 1 to 10 rose 18.5 percent to 417,414 tonnes, from 352,375 tonnes during July 1 to 10, cargo surveyor Intertek Testing Services said on Monday.

13/08/2013 (Hindu Business Line) - Higher volumes kept the sentiment positive in the edible oils market on Monday, taking cues from firm overseas market, weak domestic currency and higher local demand ahead of festivals.

13/08/2013 (Bernama) - The expected higher import duty to be imposed by India for refined bleached deodorised (RBD) palmolein will be a positive catalyst for crude palm oil (CPO) prices and Malaysian export demand, says Alliance Research.

13/08/2013 (Bernama) - Kenanga Research is positive on crude palm oil (CPO) prices in the second half of this year and has maintained its forecast of RM2,500 per metric tonne (mt) this year, following news on lower-than-expected US soyabean production.

13/08/2013 (National Geographic) - Your family carefully sorts your trash and composts table scraps weekly and tries really hard to remember to bring cloth or canvas bags to the grocery store. Some of us drive hybrid cars and support wind power, while others ride a bike to work because they want to reduce their carbon footprint.

12/08/2013 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

12/08/2013 (Reuters) - New Britain Palm Oil Ltd independent directors\' decision to unanimously reject the 20 percent partial offer launched by Kulim (Malaysia) Bhd may have thrown a spanner in the latter\'s plan to list the plantation firm in Singapore.

12/08/2013 (The Nation) - Yodphot Wongrukmit, senior executive vice president for marketing at Bangchak Petroleum, said that the company's refinery, oil depot, and service stations were ready to switch to provide the B7 standard - or the diesel with a 7 per cent palm oil content - from January 1.

12/08/2013 (Reuters) - When there is feasting in India, Pakistan and Bangladesh, there could just be a connection between the celebrations and the fires on Indonesia's Sumatra Island that trigger frequent transboundary smog.

12/08/2013 (The Nation) - Sri Lanka’s leading Agribusiness group, Watawala Plantations PLC (WATA) – a member of the Sunshine Enterprise last week said strong performance in Palm Oil had mitigated the severe loss in the Tea segment, which was largely driven by one of the worst weather conditions during the first quarter of the FY 2013/14. The Group’s revenue grew by 14% (YoY) to Rs.1.5 billion whilst Profit after Tax (PAT) declined to Rs.11.4 million, compared to a PAT of Rs.147.5 million posted during the same quarter last year.