Archived News

20/04/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives exchange ended lower on Friday, posting a fourth straight weekly loss, as market participants remained cautious in a volatile week that saw a broad sell-off across commodities.

19/04/2013 (Reuters) - Malaysian palm oil futures edged up on Thursday after a drop to a four-month low earlier in the session lured back buyers, though gains were capped by persistent worries about the health of the global economy.

19/04/2013 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) via its subsidiary, Felda Global Ventures Downstream Sdn Bhd (FGV Downstream) has signed an asset purchase agreement with Mission Biotechnologies Sdn Bhd (MBSB) to acquire the latter's asset including a biodiesel refinery at Kuantan Port for US$11.5 million (RM35 million).

19/04/2013 (Myiris.com) - After a sharp fall, MCX Crude Palm Oil has done a three wave pull-back. To mark the end of the pull-back, the commodity has formed an ending diagonal in the third leg. At the high the price has formed an Inverted Hammer suggesting that bears have taken over, said Sharekhan.

19/04/2013 (New Vision) - It is development versus conservation. Buggala, the largest of the 84 islands of Kalangala, is playing host to oil palm production, which helped Malaysia and Indonesia in Asia to break through into medium-income economies. It is a plantation that needs a lot of land, previously covered by virgin forests and scenic grasslands.

19/04/2013 (Business Recorder) - The European vegetable oils market rebounded on Thursday as futures rallied on fears of tight old crop supplies and because of bargain hunting following recent losses.

19/04/2013 (Reuters) - India's State Trading Corp has issued a global tender to purchase 30,000 tonnes of refined palmolein for May delivery, the company said in a statement on Thursday.

19/04/2013 (Business Recorder) - The Karachi Port handled 88,234 tonnes of cargo comprising 57,580 tonnes of import cargo and 30,654 tonnes of export cargo including 3,313 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 57,580 tonnes comprised 20,477 tonnes of containerised cargo; 5,003 tonnes of general cargo; 16,500 tonnes of coal and 15,600 tonnes of oil/liquid cargo.

19/04/2013 (The Star) - Sarawak Oil Palm Plantation Owners' Association (SOPPOA) has objected to the proposed inclusion of issues related to greenhouse gas (CHG) emission and peat planting in the Roundtable on Susainable Palm Oil (RSPO) Principles and Criteria.

19/04/2013 (Reuters) - Indonesian palm oil producer PT Dharma Satya Nusantara aims to raise up to $150 million through an initial public offering in the second quarter this year, sources said, even though prices for the commodity have fallen for the past 12 months.

19/04/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1200 GMT.

18/04/2013 (Reuters) - Malaysian palm oil futures fell to a 4-month low on Wednesday, as investors refrained from taking risky positions after this week's rout in commodities and ahead of export data.