Archived News

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.

07/06/2013 (Reuters) - Malaysian palm oil futures rose to the highest in more than two months on Thursday, buoyed by optimism that stocks of the tropical oil in the world's second largest producer could have dropped in May.

07/06/2013 (Reuters) - India's State Trading Corp. Ltd has scrapped an import tender seeking 30,000 tonnes of refined, bleached and deodorised palmolein for June delivery, trade sources said on Thursday, without citing any specific reasons for the cancellation.

07/06/2013 (Leadership Newspapers) - The profile of Nigeria’s palm oil industry is set for a quantum leap with the N10billon palm oil refinery being constructed by Pz Wilmar Limited which the company has described as the biggest palm oil refinery in Nigeria with the latest technology capable of processing 1,000, 00 tons per day at a cost of N1billion.

07/06/2013 (Business Times) - Nicole Bricq, France’s Minister of Foreign Trade, will be in Malaysia until tomorrow to attend the 2013 Global Summit of Women.

07/06/2013 (mongabay.com) - The Cameroonian government has lifted the suspension on controversial palm oil project in the northwestern part of the Central African nation, reports the AFP.

07/06/2013 (The Sun Daily) - First Resources Ltd, one of the leading palm oil companies listed on the mainboard of the Singapore Exchange, has issued its third ringgit-denominated sukuk of RM600 million under its sukuk musharakah programme of up to RM2 billion, which was established on July 9, 2012.

07/06/2013 (Energy Collective) - Last week, the World Bank released a new report that further confirms what most of us have known for a long time — that rising crude oil prices are the biggest contributor to rising food prices. This may come as a shock to the growing hordes who believe the myth that corn for ethanol is the largest driver of food prices.