Archived News

11/05/2013 (Reuters) - Malaysian palm oil futures climbed to their highest in two weeks on Friday as stocks eased below the key 2-million-tonne mark in the world's No.2 producer, but gains were capped by a surprise fall in exports in the first ten days of May.

11/05/2013 (Hindu Business Line) - Positive palm oil data from Malaysia pushed up imported palmolein and soyabean refined oil by Rs 2 and Rs 4 for 10 kg each in Mumbai on Friday. Higher arrivals of mustard seeds pulled down rapeseed oil by Re 1. Selling pressure resulted in sunflower expeller refined oil easing by Rs 10, while sunflower refined oil, groundnut oil and cotton oil ruled unchanged. Sentiments remained positive on firm Malaysian palm oil futures and weak Indian currency which made imports costly.

11/05/2013 (Bloomberg) - Palm oil rose to the highest level in almost two weeks before the release of data from Malaysia which may show that inventories dropped to a nine-month low.

11/05/2013 (Bloomberg) - Palm oil inventories in China, the world’s second-biggest importer after India, rose to a record as inbound shipments outpaced consumption, according to China Cereals & Oils Business Net.

11/05/2013 (Bloomberg)- Palm oil stockpiles in Malaysia, the world’s second-largest producer, fell the most in more than two years to a 10-month low in April as exports outpaced production, according to official data.

11/05/2013 (Bernama) - Malaysia's palm oil exports are expected to increase in coming months due to the stock-up activity ahead of the Ramadan fasting month that falls on July, says a research house.

11/05/2013 (The Guardian Nigeria) - Local investors in palm oil production and processing have complained that cheap importation of palm oil will kill local industries, cripple the agricultural transformation agenda of the federal government and turn Nigeria into a dumping ground for imported palm oil unless something urgent and drastic is done.

11/05/2013 (Jakarta Globe) - Palm oil planters have denounced a two-year forest-clearing moratorium that ends this month, saying it has throttled palm oil production and are urging the government against its extension.

11/05/2013 (Bernama) - Palm oil stocks fell 11.35 per cent to 1.93 million tonnes last month from 2.17 million tonnes in March, the Malaysian Palm Oil Board (MPOB) said Friday.

11/05/2013 (Bernama) - The Biomass Asia Conference 2013, to be held here on May 21-22, hopes to address prevailing issues pertaining to the biomass sector, with a special focus on Asia.

11/05/2013 (Bernama) - Malaysia's palm oil exports are expected to increase in coming months due to the stock-up activity ahead of the Ramadan fasting month that falls on July, says a research house.

11/05/2013 (Reuters) - The president of Indonesia, home to the world's third-largest tropical forests and a powerful palm oil industry, has agreed to extend a ban on forest clearing, a government official said on Friday.