Archived News

18/07/2013 (Reuters) - Malaysian palm oil futures rose on Wednesday, as bargain hunters emerged after five straight days of losses, although optimism was subdued by rising oilseed supplies and weak export demand.

18/07/2013 (The Star) - Palm oil millers assured smallholders in the state that the reduced oil extraction rate (OER) would be revised once the fruits are tested with higher oil content.

18/07/2013 (Hindu Business Line) - Imported edible oils along with cotton oil extended losses on Wednesday due to slack demand. Palmolein and soyabean refined oil declined by Re 1 and Rs 5 for 10 kg each. Cotton refined oil dropped by Rs 2.

18/07/2013 (Bloomberg) - Palm oil advanced for the first time in six days after a drop to a seven-month low yesterday attracted buyers of the world’s most consumed cooking oil.

18/07/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

18/07/2013 (Hindu Business Line) - Bearish trend continued in edible oils market on Tuesday on slack demand and weak futures. Malaysian palm oil futures extended their loss for the fifth consecutive day as worries over weak export demand and a higher production persisted.

18/07/2013 (Bernama) - CIMB Investment Bank has initiated Ta Ann Holdings Bhd's short-term rating with a "trading buy" as it expects the company to report stronger timber earnings in upcoming quarterly results in August.

18/07/2013 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

17/07/2013 (Reuters) - Malaysian palm oil futures fell to the lowest in more than seven months on Tuesday, as worries persisted over weak exports and higher output of the tropical oil.

17/07/2013 (Bernama) - Boustead Holdings Bhd has proposed to privatize Al-Hadharah Boustead Real Estate Investment Trust (Boustead REIT) to list an enlarged Boustead Plantations Bhd (BPB) on Bursa Malaysia.

17/07/2013 (Bloomberg) - Palm oil dropped for a fifth day to trade near the lowest level in more than two months on speculation that demand from China, the world’s biggest buyer after India, may weaken as an economic slowdown deepens.

17/07/2013 (Bloomberg) - Global supplies of vegetable oils are set to expand in the next season as production made from palm climbs to a record and output from soybeans and sunflower seed jumps, Oil World said.