Archived News

15/06/2013 (The Star) - Sime Darby Bhd is unlikely to demerge any of its core businesses anytime soon, said Sime Darby executive vice president group strategy & business development Alan Hamzah.

15/06/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange ended higher on Friday, spurred by bargain hunting after recent declines and short-covering ahead of the weekend. A weaker ringgit cushioned prices of the edible oil by making it cheaper for overseas buyers and refiners who are restocking ahead of the Muslim festival of Ramzan.

15/06/2013 (Reuters) - Malaysian palm oil futures ended higher on Friday after falling to a one-week low initially as expectations exports will rise in the first half of the month offset uncertainty in global markets on the outlook for economic stimulus.

15/06/2013 (UkrAgroConsult) - Ivory Coast is seeking to double palm oil production to around 600,000 tonnes by 2020 but must first overcome opposition to the sector and gain access to land, government ministers said.

14/06/2013 (Reuters) - Malaysian palm oil futures fell to a one-week low on Thursday as investors continued to book profits from a recent rally in prices, although trading was thin amid caution ahead of upcoming export figures for the first half of the month.

14/6/2013 (Reuters) - India's vegetable oil imports in May stood at 917,964 tonnes, up 40.2 percent from the previous month, trade data released on Thursday showed.

14/06/2013 (Bloomberg) - Palm oil fell the most in two weeks after the World Bank lowered its estimate for global growth this year, stoking concern demand for commodities may slow and as the currency weakened in India, the biggest importer.

14/06/2013 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, climbed to the highest level in three months in May after domestic supplies fell and demand increased.

14/06/2013 (Strategic Sourceror) - Palm oil is used in a variety of consumer products from food to cosmetics, and many feel it should only be used if it was sustainably sourced. Choice, an Australian consumer group, said items containing palm oil should be specifically labeled, according to Food Magazine.

14/06/2013 (Hindu Business Line) - Volatile currency market and lower Malaysian palm oil closing arrested bullish sentiments in edible oils market on Thursday.

14/06/2013 (Reuters) - India\'s refined palm oil imports hit a record high in May by jumping 47.5 percent from April, a leading trade body said, pushing total purchases of the tropical oil up for the first time since January on lower prices and tight domestic supplies.

14/06/2013 (Reuters) - Ivory Coast natural palm oil producer Palmci's first quarter net profit plunged 35 percent year-on-year due to low palm oil prices, the company said on Thursday.