Archived News

15/05/2013 (Hindu Business Line) - Coconut oil may attract upcountry orders and corporate interest only after its prices stabilise.

15/05/2013 (Bloomberg) - Palm oil dropped for a second day on speculation that declining exports and rising output may boost stockpiles in Malaysia, the world’s second-largest producer.

15/05/2013 (Ghana Business News) - The Benso Oil Palm Plantation (BOPP) Limited, posted profit after tax of GH¢13.41 million last year, as against GH¢9.59 million the previous year, representing an increase of about 40 per cent.

15/05/2013 (Hindu Business Line) - World vegetable oil prices, already corrected down from their recent highs because of sluggish demand growth and rising inventory, are likely to face further price pressure, thanks a big rebound in production anticipated in the northern hemisphere in the months ahead.

15/05/2013 (Bloomberg) - Cooking oil imports by India, the world’s second-biggest buyer, declined in April for the first time in five months on ample stockpiles and as consumption decreased because of the summer heat.

15/05/2013 (Hindu Business Line) - Imported palmolein and soyabean refined oil dropped by Rs 3 and Re 1 for 10 kg each on eased local demand and tracking weak closing of Malaysian palm oil futures.

15/05/2013 (FOX Business) - Palm oil producer IOI Corp. Bhd. (1961.KU) Wednesday unveiled plans to demerge its property business--valued at over 12.6 billion ringgit ($4.22 billion)--and list it on the Malaysian stock exchange, in an effort to unlock shareholder value.

15/05/2013 (Eco Business) - Palm oil inventories in Indonesia, the world’s largest producer, probably tumbled in April to the lowest level in six months as domestic consumption increased for food and biofuel.

15/05/2013 (Economic Times) - Import of vegetable oil during November 2012 to April 2013 is reported at 552279505 tons compared to 4714963 tons - up by 12%.

15/05/2013 (Pro Bono Australia) - An independent report has highlighted the need for palm oil to be sourced from sustainable suppliers in the Australian market.

14/05/2013 (Reuters) - Malaysian palm oil futures eased from a one-month high on Monday as worries about weak exports prompted profit-taking and offset initial gains driven by slowing inventory levels.

14/05/2013 (Economic Times) - Crude palm oil prices rose by Rs 1.40 to Rs 475.60 per 10 kg in futures trade on Monday as speculators created fresh positions on rising spot demand.