Archived News
03-05-2013
VEGOILS-Palm Slips To Near 5-Mth Low, Investors Wary Ahead of Poll
03/05/2013 (Reuters) - Malaysian palm oil futures slipped to a near 5-month low on Friday, posting a weekly loss of 2.7 percent, with many investors exiting the market as the country heads into polls.
03-05-2013
Palm Oil Retreats as Drop in Crude Reduces Appeal of Biofuels
03/05/2013 (Bloomberg) - Palm oil fell to the lowest level in more than a week as crude oil declined, reducing the appeal of vegetable oils as feedstock for biofuels.
03-05-2013
Crude Palm Oil Falls Almost 1% on Profit-Booking
03/05/2013 (Business Standard) - Crude palm oil futures for May declined by Rs 4.30, or 0.93%, to Rs 454.30 per 10 kg in 245 lots.
03-05-2013
STOCKS NEWS MALAYSIA-Affin Cuts 2013 Palm Oil Price Forecast to 2,600 Ringgit
03/05/2013 (Reuters) - Affin Investment Bank cut its average selling price forecast on Malaysian crude palm oil this year to 2,600 ringgit per tonne from 2,800 ringgit, citing a sluggish price outlook amid high inventory levels and an uncertain global economy.
03-05-2013
MCX CPO May Trade Sideways to Lower: Emkay
03/05/2013 (Moneycontrol.com) - Emkay Commodity Research has come out with its report on Crude Palm Oil (CPO). According to the research firm, MCX CPO May is expected to trade sideways to lower for the day towards Rs 450 followed by Rs 447 levels.
03-05-2013
Palm Oil Climbs on Prospects for More Demand as Inventory Drops
03/05/2013 (Bloombeg) - Palm oil climbed, recovering from the lowest level in more than a week, on speculation that demand for commodities may rise on improved economic prospects as stockpiles decline in Malaysia, the second-biggest producer.
03-05-2013
RHB Research Maintains \'Buy\' Call On Sime Darby
03/05/2013 (Bernama) - RHB Research has retained its "buy" call on Sime Darby Bhd with a target price of RM10.60, despite the gloomy outlook for the group's plantation business.
02-05-2013
VEGOILS-Palm Oil Falls to 1-Week Low, Tracks Weak Soyoil
02/05/2013 (Reuters) - Malaysian palm oil futures fell to a one-week low on Thursday, tracking losses in overseas soybean oil markets and hurt by expectations of a smaller decline in stocks after cargo surveyor data showed export slowing.
02-05-2013
Palm Oil Exports To Decelerate in 2nd Quarter
02/05/2013 (Jakarta Post) - Palm oil export growth will decelerate in the second quarter of this year due to weakening demand and fewer stocks released to overseas markets, an industry group says.
02-05-2013
Base Price for Palm Oil Imports Reduced
02/05/2013 (Hindu Business Line) - The Government has reduced the base import price of palm oil and its variants, while the same has been hiked for crude soyabean oil in line with the change in international prices.
02-05-2013
India\'s STC Floats Tender to Buy 30,000 T Palm Oil
02/05/2013 (Reuters) - India's State Trading Corp has issued a global tender to purchase 30,000 tonnes of refined palmolein for delivery in June, a company statement said on Wednesday.
02-05-2013
Astra Sees Tough Year as Indonesia Growth Dims: Southeast Asia
02/05/2013 (Bloomberg) - For PT Astra International (ASII), Indonesia’s largest company by market value, 2013 may be a long year.