Archived News

10/06/2013 (Bloomberg) - Palm oil stockpiles in Malaysia, the world’s second-largest producer, fell for a fifth straight month in May to the lowest level in 11 months as production growth slowed, according to official data.

10/06/2013 (Business Recorder) - Indian soyabean futures fell on Friday after hitting a two-week high in the previous session due to weak exports demand for soyameal and hopes a normal monsoon will increase oilseed production, though a weak rupee and gains in overseas markets limited the downside. Rapeseed futures were treading water on declining arrivals in spot markets.

10/06/2013 (Borneo Post) - The US non-farm payrolls grew 175,000 in May and was above expectation. Dow Jones Average Index (DJIA) gained 204 points while gold fell from flight-out of funds.

10/06/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives surged this week on expectation of better exports demand and lower palm oil stocks in May.

08/06/2013 (Reuters) - Malaysian palm oil futures climbed to their highest in more than two months on Friday, posting a fifth straight weekly gain, as investors placed further bets that stocks of the edible oil in the world's No.2 producer would ease in May.

08/06/2013 (PakTribune.com) - Palm oil imports decreased by 10.11 percent during the first ten months of the current fiscal year against the corresponding period of last year.

08/06/2012 (Reuters) - Cameroon has given the green light to a company owned by New York venture capital firm Herakles Capital to resume work on a giant palm oil plantation, officials said on Thursday, sparking outcries from environmental campaigners.

08/06/2013 (Borneo Post) - Plantation sector players saw a mixed bag for recently concluded first quarter 2013 (1Q13) results season, with marginally higher outperformers.

08/06/2013 (Hindu Business Line) - As the weakening rupee has made imports expensive, edible oil prices went up on Friday. Palmolein rose by Rs 3 while cotton refined oil inched up by Re 1. Tracking a firm trend in the Malaysian palm oil futures, local refineries increased their rates for palmolein by Rs 2 in evening session. Soyabean, sunflower and rapeseed oil ruled steady. Groundnut oil dropped by Rs 10 in Mumbai but remained unchanged in Saurashtra. About 350–400 tonnes of palmolein was resale traded at Rs 514-515. An importer sold about 450-500 tonnes of Palmolein at Rs 520 for July 1-15. Stockists were eager to cover forward purchases for festival demand.

08/06/2013 (MoneyControl.com) - According to Emkay Commodity Research one can buy MCX CPO June contract on dips or buy at around Rs 485-483 with a stop loss of Rs 480 for price target of Rs 490.

08/06/2013 (Bernama) - Malaysia's total trade in April grew by 2.5 per cent to RM110.67 billion, compared with the same month a year ago, the Ministry of International Trade and Industry (Miti) said today.

08/06/2013 (Bernama) - Bursa Malaysia is likely to be firmer next week on recovery of crude palm oil/plantation stocks and the return of anchor investors due to end of school holiday.