Archived News

18/02/2013 (Reuters) - Malaysian palm oil futures gained on Monday, snapping three straight sessions of losses as investors expected stronger export demand seen in the first half of the month to bring stocks down further.

18/02/2013 (Bloomberg) - Palm oil advanced for the first time in four sessions on speculation that Malaysia may boost exports this month before a tax is imposed in March, reducing near record inventories in the world’s second-largest producer.

16/02/2013 (Bloomberg) - Palm oil fell to a two-week low after Malaysia, the second-largest producer, said that exports in March will be taxed for the first time in three months.

16/02/2013 (The Star) - Local palm oil stocks are expected to come down gradually in the coming months, with the price of crude palm oil (CPO) poised to strengthen back to the RM2,600-RM2,700-per-tonne level by mid-2013, said analysts.

16/02/2013 (Business Sandard) - To curb the spurt in edible oil import, the government today raised the tariff value of edible oils by four to five per cent. In January, edible oil import had touched a two-decade high of 1.15 million tonnes, 75 per cent more than in January 2012.

16/02/2013 (Daily Times) - One ship arrived at Port Qasim to load/offload palm oil at LCT on Friday. Berth occupancy was maintained at 36 percent at the port on Saturday where a total of five ships are currently occupying berths to load/offload, palm oil, cement, meg, furnace oil paraxylne and steel coil.

16/02/2013 (4-Traders) - A lawmaker has called for a congressional inquiry into the importation of palm cooking oil by oil milling companies owned by the Coconut Industry Investment Fund (CIIF).

16/02/2013 (Hindu Business Line) - Copra sales have been falling daily, as coconut oil factories have ample stock and crushers are buying palm kernel, which is cheaper.

16/02/2013 (Business Recorder) - Friday\'s Rotterdam vegetable oil prices at 1700 GMT.

15/02/2013 (Reuters) - Malaysian palm oil futures edged down to a two-week low on Thursday, as data showed stockpiles in the world\'s No.2 producer remained high and on improving weather in key soy-growing regions in South America.

15/02/2013 (Bernama) - Alliance Research says if there were to be a price rally for crude palm oil (CPO), it will not go beyond the RM2,800 per metric tonne level this year in view of the continued export competition with Indonesia and a healthy year-on-year production.

15/02/2013 (Bernama) - Heavy discounting of palm products has pushed India\'s January 2013 imports of vegetable oils, both edible and non-edible, to 1,157,130 tonnes -- the highest in a single month since imports began in 1994.