Archived News

25/05/2013 (Reuters) - Mandiri Sekuritas said the euphoria sparked by a fall in Malaysian palm oil inventory to below 2 million tonnes and higher palm oil demand before Ramadan would last only about two months.

25/05/2013 (Hindu Business Line) - The under current in the edible oils market continued to remain firm due to weak domestic currency and speculation over a firm trend in Malaysian palm oil futures on higher exports prospects and lower month-end stocks, said traders.

25/05/2013 (UkrAgroConsult) - Myanmar has to spend more than US$300 million annually for the import of palm oil imports which amounts to over 300,000 tons every year, according to sources from local edible oil industry.

25/05/2013 (Agri News) - Products derived from coconuts and oil palm trees are the primary protein sources in swine diets in parts of Africa, Southeast Asia, South America and Europe.

24/05/2013 (The Independent) - HSBC has ordered an audit of its relations with logging companies after campaigners exposed its links to clients responsible for the destruction of rainforests in Borneo.

24/05/2013 (The Star) - Shares of Kuala Lumpur Kepong Bhd fell to a low of RM21.36 at midday on Thursday after its earnings fell 2.4% to RM209.6mil from a year ago and expected the weaker crude palm oil prices to weigh on its profits for the current financial year ending Sept 30, 2013.

24/05/2013 (Reuters) - Malaysian palm oil futures rose on Thursday to their highest in more than a month, stretching gains to a third straight week as investors hoped for a recovery in demand ahead of the Muslim fasting month of Ramadan.

24/05/2013 (Bloomberg) - Palm oil climbed to the highest level in six weeks on speculation that output may drop this month in Malaysia, cutting inventories for a fifth month in the world’s second-largest producer.

24/05/2013 (LBO) - Sri Lanka's Watawala Plantations Plc reported profits of 124 million rupees in the March 2013 quarter down 54 percent from a year earlier, as commodity prices eased, with palm oil continuing to perform well.

24/05/2013 (Bloomberg) - Herakles Farms needs to obtain the correct permits before it can proceed with its plans to develop an oil palm plantation and processing plant in southwest Cameroon, the government said.

24/05/2013 (Hindu Business Online) - Edible oil prices are likely to remain subdued on lower domestic demand and comfortable global supply.

24/05/2013 (Bernama) - Sarawak oil palm players want more studies done on the impact of planting oil palm on peat soil.