Archived News

03/07/2013 (Bloomberg) - Palm oil fell to the lowest level in six weeks on concern that a weakening Indian currency may curb imports by the world’s largest consumer.

03/07/2013 (Bloomberg) - Palm, the most-consumed cooking oil, will probably decline 4.5 percent in the next two weeks to the lowest level since May as it remains in a downward trend, according to a technical analysis by RHB Investment Bank Bhd.

03/07/2013 (Hindu Business Line) - Barring cotton refined oil which decline by Rs7 for 10 kgs all other edible oils remain unchanged on thin trade on Tuesday. Lower closing of Malaysian Palm oil futures and unprecedented kharif sowing this year on satisfactory rainfall weigh on overall sentiment. Malaysian Palm oil futures closed lower by 5, 4 and 6 ringgits. Moral was weak said sources.

03/07/2013 (Daily Star) - Traders yesterday fixed the prices of sugar and edible oil for the month of Ramadan starting next week.

03/07/2013 (The Star) - Fitch Ratings expects plantation heavyweight IOI Corp to maintain the current operating profit even if crude palm oil prices (CPO) are to stabilise at RM2,500 a tonne.

03/07/2013 (Financial Express) - HUL is seeing a sequential weakening of market volume growth in its categories. The trend of significant slowdown in more discretionary categories like skin care continues. With price growth also coming off, market growth in many categories risks slipping into single digits.

03/07/2013 (Economic Times) - A weak rupee has not hit Indian edible oil consumers hard because global prices of soyabean and palm oil have softened in the last 10 days when the rupee fell sharply against the dollar. Prices of imported soybean oil declined to $960 per tonne from $1,045 per tonne during the period. Similarly, crude palm oil has dropped by $30 per tonne in the same period to $810 per tonne.

02/07/2013 (Bernama) - Malaysia's palm oil exports to Vietnam stood at about 147,000 tonnes from January to April this year, an increase of 64 per cent over the same period of last year, Plantation Industries and Commodities Minister Datuk Seri Douglas Uggah Embas said, Monday.

02/07/2013 (The Star) - The first factory in the palm oil industrial cluster (POIC Lahad Datu) here to process spent bleaching earth (SBE), a solid waste generated by palm oil refineries in Sabah, will commence operation in July 2014.

02/07/2013 (Bernama) - The Honourable Dato Sri Douglas Uggah Embas, Minister of Plantation Industries and Commodities, Malaysia officiated the First Malaysia-Vietnam Palm Oil Trade Fair and Seminar 2013 (POTS) at New World Hotel today. Themed Sharing Solutions, Shaping the Visions, this event provides insights, solutions and trend analysis on the economic opportunities in the palm oil trade.

02/07/2013 (Bernama) - Kenanga Research has maintained its 'market perform' call on Felda Global Ventures (FGV) with a target price of RM4.60.

02/07/2013 (Bernama) - Kenanga Research is positive on the plantation sector and believes that the news is neutral for crude palm oil (CPO) prices as a sustained inventory decline should lend the prices strong support.