Archived News

26/07/2013 (Bernama) - The historical high of 251,994 contracts recorded on Bursa Malaysia Derivatives on Thursday was due to traders going on a selling spree with the view of buying back at lower prices.

25/07/2013 (Reuters) - Malaysian palm oil futures slipped to their lowest in more than seven months on Wednesday, weighed down by a U.S. soy market that suffered steep losses after a report forecast ideal weather for bumper crops.

25/07/2013 (Bloomberg) - Palm, the most-used cooking oil, sank to the lowest level since 2009 as global supplies expand to a record and demand rises at the slowest pace in more than a decade. Soybean oil dropped to the lowest since 2010.

25/07/2013 (Hindu Business Line) - Bearish trend continued in spot and physical edible oils market on slack demand and expectation of higher kharif oilseeds output.

25/07/2013 (4-traders) - YB Dato Sri Douglas Uggah Embas, Minister of Plantation Industries and Commodities launched the biodiesel programme for the Southern Region at Shell Port Garage petrol station, in Pasir Gudang, Johor.

25/07/2013 (AFP) – Sequencing of the oil palm, one of the world's most important crops, has pinpointed a gene that should boost yields and ease pressure on tropical rainforests, studies said on Wednesday.

25/07/2013 (Jakarta Post) - The Malaysian government will extend its palm biodiesel programme to states in the country's northern region this October and to Pahang, Kelantan and Terengganu states next January.

25/07/2013 (Business Standard) - Eight edible oil refinery projects, four large ones, that were scheduled to commence commercial production this financial year have deferred their plans or reduced operating capacity to avoid losses due to unfavourable duty structures which makes refining business unviable. Therefore, an investment worth Rs 147 crore is stuck in various refinery projects across India.

25/07/2013 (Borneo Post) - The recent launch of Johor’s biodiesel programme has been viewed as a positive catalyst in the plantations sector as the programme marks the country’s renewed commitment in rolling out its biodiesel plans which is crucial in absorbing excess palm oil and could potentially serve as a foundation to support the recent rise in crude palm oil (CPO) prices.

25/07/2013 (PRNewswire) - A multinational team of scientists from the Malaysian Palm Oil Board (MPOB) and Orion Genomics today announced the publication of two papers in the journal Nature outlining the genome sequencing of the oil palm plant and the identification of a single gene, called Shell, that is responsible for increasing the plant's yield of oil by 30 percent. The fruit and seeds of the oil palm are the source of nearly one-half of the supply of edible vegetable oil worldwide and provide one of the most promising sources of biofuel. Scientists from the Malaysian Palm Oil Board (MPOB), which sponsored the research, and Orion Genomics authored both papers.

25/07/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

25/07/2013 (Borneo Post) - Kulim Bhd (Kulim) is expected to see muted earnings until the completion of the acquisition of another 20 per cent in New Britain Palm Oil Ltd (NBPOL) for 165.05 million pounds (RM812.30 million).