Archived News

14/01/2013 (Reutes) - Malaysian palm oil futures edged up on Monday, rebounding from the previous session\'s 3-week low, although gains were limited by concerns over weak demand and record-high stocks.

12/01/2013 (Reuters) - EU officials are to debate a new set of tax proposals to promote clean fuel and erode fiscal advantages that have made diesel relatively cheap, a document seen by Reuters showed.

12/01/2013 (Bernama) - Chief Minister Datuk Seri Musa Aman said oil palm smallholders should not blame the government for the decline in the market price of the commodity.

12/01/2013 (The Star) - Local palm oil stocks hit a new record at 2.63 million tonnes at end-December 2012, contrary to market expectation that stocks would be reduced following Malaysia\'s decision to lower its crude palm oil (CPO) export duty regime to between 4.5% and 8.5% from 23% previously.

12/01/2013 (Dominican Today) - Indonesia’s Minister of Agriculture Suswono has praised sustainable palm oil practice in Dosan village, and says this initiative is a perfect example of the way large palm oil producers can remain profitable without further destroying the forests.

12/01/2013 (Bernama) - Moody\'s Investors Service has assigned a senior unsecured issuer rating of A3 to Sime Darby Bhd (Sime Darby) with a stable outlook rating.

11/01/2013 (Bernama) - Major plantation counters traded mixed on weak palm oil inventory for December 2012.

11/01/2013 (Bloomberg) - Palm oil dropped after exports from Malaysia, the second-largest producer, fell 25 percent in the first 10 days of this year.

11/01/2013 (The News International) - Palm oil imports witnessed a sharp decline of 16.62 percent during the first five months of the current fiscal year as against the same period last year, according to official data on Thursday. Pakistan imported palm oil worth $864.311 million during July-November (2012-13) against the imports of $1,036.616 million in July- November (2011-12), according to the Pakistan Bureau of Statistics (PBS) data. In terms of quantity, the palm oil imports witnessed negative growth of 4.76 percent by falling from the imports of 886,333 metric tons last year to 844,178 metric tons during the period under review. In rupee terms, the palm oil imports during July-November (2012-13) stood at Rs.82,007 million against the imports of 89,917 during the same period last year.

11/01/2013 (Hindu Business Line) - The sentiment in edible oils markets turned weak, tracking bearish futures markets. Malaysian palm oil futures dropped sharply on bearish data of slower palm oil exports and higher stocks. Local refineries have reduced their rates but buyers kept away.

11/01/2013 (The Star) - Sarawak has expanded the recruitment of migrant workers to nationalities other than Indonesians to alleviate the acute labour shortage particularly in the plantation sector.

11/01/2013 (The Star) - CIMB Equities Research maintains its Neutral call on the regional plantation sector and its preference for the more liquid Singapore planters.