Archived News

15/04/2013 (Economic Times) - Edible oil prices recovered on the wholesale market this week on demand amid the ongoing 'Navratras' festive season.

15/04/2013 (Borneo Post) - Last Friday, gold prices fell to lowest at 1,492 regions since June 2011. The market tumbled as investors abandoned the yellow metal as safe haven after Dow Jones markets resumed to new historical highs at 14,887 levels and dollar strengthened.

15/04/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Ma­laysia Derivatives slipped this week due to the strengthening in ringgit and concerns over the bird flu outbreak in China.

13/04/2013 (Reuters) - Malaysian palm oil futures dropped to a near two-week low in choppy trade on Friday, with no clear guidance from overseas markets and investors worried a bird flu outbreak in China could crimp demand from the world's second largest edible oil buyer.

13/04/2013 (Bloomberg) - Palm oil headed for a third weekly drop as the Malaysian currency gained against the dollar, reducing the appeal of ringgit-denominated futures.

13/04/2013 (Bloomberg) - Cooking oil imports by India, the world’s second-largest buyer, climbed for the fourth straight month because of rising consumption and declining global prices, keeping reserves at a record.

13/04/2013 (Hindu Business Line) - The world oilseeds and oils market is facing a double whammy of a significant expansion in production coupled with slowing demand in major consuming markets. A massive 30 million tonnes (mt) increase in world soyabean production in 2012-13, contributed principally by major South American origins Brazil and Argentina, has put tremendous downward pressure on the prices of oilseeds and derivatives.

13/04/2013 (Business Recorder) - The Karachi Port handled 121,665 tonnes of cargo comprising 94,051 tonnes of import cargo and 27,614 tonnes of export cargo including 3,570 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 94,051 tonnes comprised 15,276 tonnes of containerised cargo; 30,900 tonnes of coal and 47,875 tonnes of oil/liquid cargo.

13/04/2013 (Reuters) - Norway’s government pension fund – one of the world’s largest – has withdrawn US$314 million in investments from a string of companies that it says produce palm oil “unsustainably” – a move environmental advocates are likely to welcome because of links between the industry and deforestation.

13/04/2013 (Hindu Business Line) - Vegetable oil imports increased 23 per cent in March to 896,714 tonnes against 727,706 tonnes recorded in the same period last year on the back of drop in prices and good demand, according to the Solvent Extractors’ Association data.

13/04/2013 (The Star) - Already a diversified group with six core businesses, do not be surprised if Boustead Holdings Bhd will look at delving further in the lucrative oil and gas (O&G) sector.

12/04/2013 (Reuters) - Malaysian palm oil futures fell to the lowest in more than a week on Thursday, tracking weaker soy markets after a key U.S. industry report showed higher-than-expected global soybean stockpiles.