Archived News

14/06/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1600 GMT.

14/06/2013 (Hindu Business Line) - Imports of refined palmolein hit a record 373,837 tonnes in May compared to the previous high of 253,489 tonnes recorded in March.

14/06/2013 (Business Standard) - In May, the proportion of refined oil to India's vegetable oil imports rose to a staggering 42 per cent, compared with just 16 per cent in March, according to data compiled by the Solvent Extractors' Association (SEA). Experts attribute the change to the narrowing duty differential between crude and refined oil, as well as the inverse tax structure in exporting countries.

14/05/2013 (Jakarta Post) - The visit by the Environmental Protection Agency (EPA) to assess crude palm oil quality may have a positive outcome and could eventually boost exports to the US.

13/06/2013 (Reuters) - Malaysian palm oil futures edged down on Wednesday, as traders eyed a U.S. agriculture report expected to show rising global supplies of grain, but prices were supported around two-month highs by a demand uptick and smaller stockpiles.

13/06/2013 (Bloomberg) - Sifca Group, the Ivory Coast company that produces rubber and sugar, will increase palm oil production by 33 percent in the next four years, Chief Executive Officer Bertrand Vignes said.

13/06/2013 (Agrimoney.com) - Rabobank and Standard Chartered voiced cautious support for palm oil prices hanging on to recent gains despite clashing over prospects for imports by China, a major buyer, whose purchases have proved unexpectedly firm so far in 2013.

13/06/2013 (Bernama) - Syarikat Teck Guan Group has started a pilot project to produce lignocellulosic bio-ethanol from oil palm biomass.

13/06/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

13/06/2013 (Business Recorder) - The Karachi Port handled 37,563 tonnes of cargo comprising 5,322 tonnes of import cargo and 32,241 tonnes of export cargo during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 5,322 tonnes comprised 50 tonnes of containerised cargo; 84 tonnes of general cargo; 3,151 tonnes of DAP and 2,037 tonnes of oil/liquid cargo.

13/06/2013 (Hindu Business Line) - On Wednesday, palmolein dropped by Rs 7 for 10 kg on a sharp pull back in value of the rupee against the US dollar and resale selling pressure, erasing most of the previous day’s gain of Rs 11. Groundnut oil rose by Rs 10 despite a steady trend at Rajkot. Rapeseed, sunflower and cotton oils inched up by Rs 5, Rs 5 and Rs 2 each. Slack local demand kept overall sentiment cautious amid thin volatility in Malaysian palm oil futures, said sources. Soyabean arrivals were nearly one lack lakh bags at Rs 3,800 ex-mandi and mustard seed arrivals were 1.85 lakh-1.90 lakh bags at Rs 3,140-3,625.Liberty quoted palmolein at Rs 555; super palmolein Rs 588 and super deluxe Rs 608. Ruchi quoted palmolein at Rs 555; soyabean refined oil Rs 675 and sunflower refined oil Rs 790. In Rajkot, groundnut oil was steady at Rs 1,630 (Rs 1,630) for telia tin and Rs 1,050 (Rs 1,050) for loose 10 kg.

13/06/2013 (Radio New Zealand) - One of the farmers who blew the whistle on lax biosecurity at some overseas palm kernel processing sites has applauded moves to address some of their concerns.