Archived News

05/03/2013 (Hindu Business Line) - The mood here in Kuala Lumpur for the annual palm and lauric oil price outlook is somewhat sombre, unlike in the recent years.

05/03/2013 (Reuters) - Malaysian palm oil futures edged down in thin volume on Tuesday after gains in the previous session lifted prices from near two-month lows, with traders focusing on a key industry conference to determine strategies.

05/03/2013 (Economic Times) - India and China, the world's top two edible oil importers, will buy more of the commodity this year despite record stocks as cheap palm oil cargoes and low import tariffs help meet rising food consumption and temper food-driven inflation.

05/03/2013 (Reuters) - Three Malaysian palm oil refineries with a combined capacity of 1.8 million tonnes plan to halt operations if a Malaysian military attack on an armed Filipino group on Borneo island drags on, refinery officials told Reuters on Tuesday.

04/02/2013 (Reuters) - Malaysian palm oil futures inched up on Monday, tracking external markets and snapping eight straight sessions of losses while investors keep an eye on an industry conference for more clues on the vegetable oil\'s outlook.

04/03/2013 (Borneo Post) - The US dollar strengthened last week on better outlook of economic data. Housing and manufacturing both im­proved while jobless claims were reduced to 334,000 in the week ended February 23.

04/03/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malay­sia Derivatives plunged this week due to slowdown in palm oil demand and better weather condition in South America.

04/03/2013 (Hindu Business Line) - With 60 lakh tonnes import, India may be the world’s single largest importer of crude palm oil (CPO), but most suppliers at the origin — Indonesia and Malaysia — refuse to respect the dictum ‘customer is king’.

04/03/2013 (Bloomberg) - Palm oil inventories in Indonesia, the world’s largest producer, may drop 8 percent this year as a significant increase in demand outstrips record supplies, according to Derom Bangun, chairman of the nation’s palm board. Prices rallied, snapping eight days of losses.

04/03/2013 (The Star) - The domestic and Asian markets are expected to contribute substantially to the revenues of plastic packaging material and industrial product makers.

04/03/2013 (Bloomberg) - Palm oil climbed for the first time in nine days on speculation that the worst losing streak since 2006 may stoke demand, cutting reserves in Indonesia and Malaysia, the world’s biggest producers.

02/03/2013 (Reuters) - Malaysian palm oil futures fell to their lowest in more than six weeks on Friday, extending losses to an eighth straight session, as weak exports continued to weigh and investors turned cautious ahead of a key industry conference next week.