Archived News

20/07/2013 (Bloomberg) - Palm oil fell on speculation that the beginning of the high-output cycle in Malaysia may lead to a build-up of stockpiles in the world’s second-largest producer.

20/07/2013 (Business Recorder) - The Karachi Port handled 96,594 tonnes of cargo comprising 83,415 tonnes of import cargo and 13,179 tonnes of export cargo including 1,646 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 83,415 tonnes comprised 10,651 tonnes of containerised cargo; 4,543 tonnes of general cargo; 35,873 tonnes of bulk cargo: 31,950 tonnes of coal; 3,923 tonnes of scrap and 32,348 tonnes of oil/liquid cargo.

20/07/2013 (Reuters) - Malaysian plantation firm Felda Global Ventures Holdings Bhd has offered to pay 1.21 billion ringgit ($378.84 million)for an un-listed planter, as it seeks to boost land assets and palm oil output after its listing last year.

19/07/2013 (Reuters) - Malaysian palm oil futures edged higher on Thursday after a price slump this week to seven-month lows attracted buyers, but gains were capped by lingering concerns over weak demand and rising output.

19/07/2013 (Bernama) - An online quiz conducted worldwide by Roundtable on Sustainable Palm Oil (RSPO) showed that more than half of the products used and consumed by respondents on a daily basis contained palm oil.

19/07/2013 (Hindu Business Line) - Edible oils market witnessed a mixed trend on Thursday, tracking excellent progress in sowing of kharif crops and expectation of pressure on Malaysian palm oil futures as peak production season is fast approaching, said traders.

19/07/2013 (Borneo Post) - “Semua tidak cukup (There isn’t enough of everything),” said Tamin assemblyman Datuk Joseph Mauh Ikeh of Selangau’s dilemma.

19/07/2013 (Business Standard) - Refined palm oil import is available for $13.4 a tonne less than crude palm oil (CPO). The vegetable refining industry has called for government intervention to reverse this.

19/07/2013 (Business Recorder) - The Karachi Port handled 121,814 tonnes of cargo comprising 96,088 tonnes of import cargo and 25,726 tonnes of export cargo including 3,717 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 96,088 tonnes comprised 27,791 tonnes of containerised cargo; 1,664 tonnes of general cargo; 29,833 tonnes of bulk cargo: 28,970 tonnes of coal; 863 tonnes of sulphur and 36,800 tonnes of oil/liquid cargo.

19/07/2013 (Jakarta Post) - Two major crude palm oil (CPO) producers have reported significant increases in their sales volumes in the first half of this year despite a decline in the commodity’s price.

19/07/2013 (AllAfrica.com) - The Nigerian Ports Authority (NPA) on Wednesday said that 80 ships, carrying various commodities, would sail into the Lagos ports from July 17 to Aug. 24.

19/07/2013 (Bloomberg) - Palm oil climbed the most in more than three months as a decline in prices to the lowest level this year spurred demand for the most consumed cooking oil.